Offer in Compromise Prep
Settle for what you can truly pay — if you qualify.
Some people qualify to settle for less than they owe, and most don't. We review your income, expenses, and assets to see if you're a real candidate. If you are, we prepare your full Offer in Compromise package.
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The situation
An Offer in Compromise (OIC) lets qualifying taxpayers settle their IRS debt for less than the full balance. The IRS accepts an offer when it believes the amount offered is the most it can reasonably expect to collect.
It's a powerful program — and a demanding one. Offers are judged on a detailed formula of your income, expenses, and the equity in your assets. We tell you honestly whether an offer makes sense, and if it does, we build it carefully.
Does this sound familiar?
- Your balance is more than you could pay in your lifetime
- Your income barely covers necessary living expenses
- You've seen ads promising 'pennies on the dollar' and want the truth
- You're ready for a real fresh start
What you should know
Understanding offer in compromise prep.
Reasonable collection potential
The IRS calculates what it could collect from your assets' equity plus your future disposable income. An acceptable offer is generally at or above that number.
Who qualifies
You must have filed all required returns, be current on estimated payments where required, and not be in an open bankruptcy. Not everyone qualifies — and that honesty saves you time and fees.
Other options if not
If an offer isn't right, other paths like an installment agreement, penalty abatement, or Currently Not Collectible status may still bring real relief.
How we deliver
Your path, step by step.
- 1
Free confidential review
We discuss your balance, income, and assets to see whether an offer is realistic.
- 2
Eligibility analysis
We run the numbers using the IRS's own standards to estimate your reasonable collection potential.
- 3
Compliance first
We file any missing returns and make sure you meet the IRS's requirements to submit.
- 4
Offer prepared & submitted
We prepare Form 656 and the required financial statement with full documentation.
- 5
Follow-through
We help you prepare responses to IRS requests and stay with you through the decision and beyond.
What you receive
Delivered to you.
- An honest qualification assessment
- Calculated offer amount based on IRS standards
- Complete offer package
- Ongoing IRS communication through decision
If you wait
- —The balance grows with penalties and interest
- —Collection actions continue
- —Assets and wages remain at risk
- —Years of worry stretch on
After it's resolved
- A settled balance you can pay
- A true fresh start
- No more collection letters on that debt
- A clear future
Questions
Common questions.
+Is 'pennies on the dollar' real?
For some taxpayers an offer can be much less than the balance, but it depends entirely on your finances. We never promise an outcome; we give you an honest assessment.
+How long does an offer take?
The IRS review commonly takes several months or longer. We keep you informed throughout.
+What happens after acceptance?
You pay the agreed amount on the agreed terms and must stay compliant with filing and paying for five years.
Every situation is different. Results depend on your individual facts and IRS or state agency decisions; no specific outcome is guaranteed.
Free Review · Offer in Compromise Prep
Know your options today.
Call 843-534-1347 for a confidential conversation about your offer in compromise prep situation. No obligation, no judgment.