Offer in Compromise- once accepted is that a flat amount or does it accrue interest?

[Nenowen]

Hi! I used the Offer in Compromise Pre-Qualifier tool and it said I may be eligible to settle for an offer of:
Option 1: $2750 within 5 months or
Option 2: $2750 over a 6-24 month period.

My question is if I apply for an Offer in Compromise for this amount, and it gets accepted for over a 6-24 month period, does that mean I have 24 months to pay that full amount of $2750 flat, or does that amount accrue interest over the course of that 24 month period? Thanks so much!

[Cindy4]

Hi @Nenowen !

Interest will be added on the tax amount you owe until the offer is accepted. As of the date the offer is accepted no additional interest will be added to your tax debt or accepted offer amount.

From this link:

https://www.irs.gov/businesses/small-businesses-self-employed/offer-in-compromise-faqs#:~:text=If%20....

Hope that helps!