I am about to finish up filing my taxes when I was asked if I would like to file for an extension. Which I need. But I need to see if I also qualify for a compromise. Should I file a compromise first or continue with filing for an extension and also send a letter in the mail to also ask for a compromise?
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Ok ...it is too late to file for any extensions to file the return ... if you owe you need to file ASAP even if you will not pay now. Once you have filed you can apply for a payment plan ... do NOT do so inside the program as the IRS fees are higher.
to do an OIC , you must first file the return
see this link
https://www.irs.gov/payments/offer-in-compromise
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