- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The majority of OICs are rejected the first time so you may need to apply again. Plan your finances with that in mind. Your offer must accompany the paperwork, it cannot be filed separately. You may want to do the lower payment now, once accepted, send the lump sum to pay it down and reduce penalties and interest.
See:
- Offer in Compromise Pre-Qualifier
- Offer in Compromise FAQs
- Form 656-B, Offer in Compromise Booklet
- Appeal your rejected offer
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 19, 2022
10:13 AM