3 Signs the IRS Will Accept Your Offer in Compromise

Three Signs Your IRS Offer in Compromise Has a Real ShotIn this episode, we break down the three biggest indicators that an IRS offer in compromise may actually be accepted. A client example showing how the IRS evaluates financial hardship, compliance, and reasonable collection potential is included.  In this episode, Tim Oglesby explains what the IRS really looks for, why lowball offers usually fail, and how a well-documented case can lead to a fresh start.Key topicsIn this episode: the IRS cares less about what you want to pay and more about what you can actually pay.Sign one: your financials support the offer, including income, necessary living expenses, bank statements, pay stubs, bills, and asset values.Sign two: you are in compliance, which means filed returns, current estimated payments or withholding, and no new tax debt.Sign three: your offer is reasonable compared with your reasonable collection potential, or what the IRS could collect through other means.Lowball offers that ignore equity, assets, or disposable income are usually rejected quickly.The main takeaway: if your numbers, compliance, and offer amount all line up, acceptance is genuinely possible.