mmittanck
New Member

How do I make an Offer in Compromise for a lower tax amount? What are chances of having it accepted?

 I retired in 2017.  During 2017 I made a mistake on how I should have taken my IRA distributions and ended up taking a lump sum in January 2018.  Then during the rest of 2018 I took monthly distributions.  So in effect I took double IRA distribution income in 2018.  My federal tax liability for 2018 is about $27,000, where it normally would have been closer to about  $12,000.