Kentucky taxpayers who owe IRS back taxes may have the opportunity to settle their tax debt for a fraction of the total amount owed with an IRS tax settlement option. The most common plan available is Offer in Compromise or OIC. OIC allows a Kentucky taxpayer to make an “offer” to the Internal Revenue Service (IRS) outlining an amount of money they can pay. The IRS can either accept or reject the OIC offer. If the IRS accepts the offer it is considered a “comprise” and after meeting the terms of the Offer in Compromise, the Kentucky taxpayer’s debt is settled.

The Internal Revenue Service will accept an Offer in Compromise to help position the Kentucky taxpayer to fulfill their future tax liability and hopefully avoid an extended installment agreement.  The IRS not only has the authority to collect federal tax debt but also sole discretion to accept an OIC offer. The IRS accepts approximately 25% of OIC offers at the initial application level. More are accepted after negotiations and appeals. If the IRS rejects a Kentucky taxpayer’s offer, the taxpayer will not have legal recourse against the IRS and the IRS can use the detailed financial information they have collected to continue aggressive collections. Penalties and interest will also continue to accrue while the OIC offer is under consideration.

Kentucky residents who need information about Offer in Compromise can contact a tax professional. Offer in Compromise can be complicated, expensive and time consuming. Offer in Compromise is one of several tax settlement options available for taxpayers and may not be the best option for all Kentucky residents.

Qualifying for Offer in Compromise in Kentucky

Kentucky taxpayers who are considering Offer in Compromise must meet one of the following requirements:

Doubt as to Liability -  Kentucky taxpayers who question the amount of tax debt they have been assessed may qualify for an Offer in Compromise. This condition is not frequently met.

Doubt as to Collectibility - The Internal Revenue Service may agree to an Offer in Compromise if there is some question about their ability to collect the debt or if the cost to collect the federal tax debt is too high.

Effective Tax Administration-  Certain Kentucky residents may be granted an Offer in Compromise if paying their federal tax debt could cause an “economic hardship which would be inequitable or unfair”. This condition is most frequently accepted for the elderly and handicapped.

Rejection of Offer in Compromise in Kentucky

The Internal Revenue Service rejects approximately 80% of the Offer and Compromise offers it receives. Additional OIC offers are accepted after formal appeals and negotiations. The Internal Revenue Service must send written information about all OIC denials and if they consider the offer too low, the IRS should be willing to provide information about the amount they would accept. Kentucky residents who are appealing a denial must send a written letter to the IRS with in 30 days from the date of the denial letter. New Offer in Compromise forms will not need to be submitted unless the deadline has passed or the taxpayer’s financial information has substantially changed.

Appealing an Offer in Compromise in Kentucky

Kentucky residents may appeal an Offer in Compromise. Informal negotiations may be made by contacting the IRS administrator who made the first denial. The Internal Revenue Service may be willing to work with the Kentucky taxpayer to find an OIC amount which is acceptable to both parties. A more formal appeal can be made by writing a letter to the Internal Revenue Service within thirty days from the date of the Offer in Compromise denial letter.

Completing an Offer in Compromise

Kentucky taxpayers must complete the following tasks for an OIC:

• Taxpayers must submit Offer in Compromise forms and documents to the Internal Revenue Service. Documents may include: Kentucky taxpayer’s pay stubs, bank records, and vehicle information.
• The Internal Revenue Service federal tax returns must be filed on or before the federal tax deadline for the next five years.
• All self-employed Kentucky workers must submit estimated federal tax payments and file all federal tax returns each quarter.
• Kentucky taxpayers must pay federal tax payments (excluding the amount outlined in the OIC offer) for the next five years.
• Kentucky taxpayers must agree to pay the amount outlined in the OIC agreement.
• Kentucky taxpayers must agree to let the IRS keep all federal tax refunds and apply them to the tax debt prior to accepting the Offer in Compromise.
• The Internal Revenue Service will use all tax refunds to pay back taxes for the calendar year that the OIC is approved.

The Internal Revenue Service can legally revoke an Offer in Compromise and charge Kentucky taxpayers all of the taxes due for failing to meet the agreed upon terms of the Offer in Compromise.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. IRS Form 656 will provide financial information to the IRS about the Kentucky taxpayer’s financial status and their ability to repay their federal tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Form 443-A provides additional financial information about the Kentucky taxpayer to the Internal Revenue Service about the taxpayer’s ability to pay their tax federal debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Form 433-B provides information to the Internal Revenue service about the Kentucky taxpayer’s business. Form 433-B is only needed if the business tax debt is included in the Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. This form will only need to be submitted if the taxpayer is requesting a waiver for the Offer in Compromise.

Offer in Compromise or OIC is an agreement between the Internal Revenue Service (IRS) and the Hawaiian taxpayer which may allow the taxpayer to settle their IRS tax debt for less than the total amount owed.  The Internal Revenue Service will only accept an OIC offer if the taxpayer meets certain conditions and the tax amount can not be paid in full or through an installment agreement.

The IRS does not accept all OIC offers, in fact, they currently deny up to 80%.  The IRS may be willing to accept an offer if they believe it will put the taxpayer in a position to meet all future tax debt obligations.  Failure to pay tax debt can result in wage garnishment, property repossession or bank account levies.

Hawaiian taxpayers who are considering an Offer in Compromise may want to contact a tax professional. Offer in Compromise can be expensive, time consuming and difficult to implement. It is only one option for Hawaiian taxpayers and may not be the best option.

Three types of Offer in Compromises:

1. Doubt as to Collectibility - The IRS doubts the Hawaiian taxpayer will be able to pay the full amount of their tax debt within the statutory time for tax collection.

2. Doubt as to Liability- There must be a legitimate doubt that the amount of IRS tax debt assessed against the Hawaiian taxpayer is correct. This can occur if the IRS examiner made a mistake in the interpretation of the law, the IRS examiner did not consider all of the taxpayer’s financial evidence, or the Hawaiian taxpayer can produce new evidence for the IRS.

3. Effective Tax Administration- The amount of tax debt assessed is correct and the IRS may be able to collect the tax debt, but there is some extenuating circumstance which makes the IRS think payment of the tax debt would cause an economic hardship which is unfair or inequitable.

Rejection of Offer in Compromise in Hawaii

The Internal Revenue Service has been given sole authority to collect taxes and to determine if they will accept Offer in Compromise offers. If the IRS denies a Hawaiian taxpayer’s OIC offer, the taxpayer may be able to appeal the decision, but they will not have any other legal recourse against the IRS.

If the IRS denies an OIC offer they will send written notification to the taxpayer identifying the reason for the denial. If the IRS determines the OIC offer is too low, they may be willing to provide a counter offer or negotiate with the taxpayer to find an offer which is agreeable to both the government and the Hawaiian taxpayer. If the IRS does not provide Offer in Compromise information to the taxpayer this information can be requested under the Freedom of Information Act.

Appealing an Offer in Compromise in Hawaii

Informal negotiations can often be done by contacting the IRS administrator who made the first OIC denial decision. If a taxpayer wants to make a more formal appeal they will need to send written notice to the IRS within thirty-days from the date of the OIC denial letter.

The formal written request for an OIC appeal must have the following information:

• Social Security number, telephone number, name and address
• A statement that the taxpayer is appealing the IRS ruling to the Appeal’s office.
• A copy of the letter sent to the taxpayer and the taxpayer’s proposed changes or items that the taxpayer wants changed and what the taxpayer does not agree with and why.
• Document the tax periods or years in question.
• Identify any tax laws or other authorities which may support the position.
• Identify any facts that may support the position with which the taxpayer disagrees.
• The taxpayer must sign the written protest under penalty of perjury.

Hawaiian taxpayers may represent themselves for all OIC appeals, but taxpayers may want to talk to a tax professional such as a tax attorney, certified public accountant or enrolled agent who can answer OIC questions.

Completing an Offer in Compromise

Hawaiian taxpayers must complete the following tasks:

• Hawaiian taxpayers must complete all OIC forms and submit them to the Internal Revenue Service.
• Hawaiian taxpayers must submit all requested financial data to the Internal Revenue Service. Financial information includes: taxpayer’s pay stubs, banking and car information.
• Hawaiian taxpayers must complete and send all federal tax returns to the Internal Revenue Service on or before the federal tax deadline for the next five years.
• All self-employed Hawaiian taxpayers must pay their estimated IRS taxes and submit their federal tax returns every quarter.
• All tax payments (except the amount outlined in the OIC agreement) must be paid by Hawaiian taxpayers for the next five years.
• Hawaiian taxpayers must pay the amount outlined in the Offer in Compromise agreement.
• The IRS will apply any federal tax refund to the Hawaiian taxpayer’s tax debt for the calendar year that the OIC is approved.

The IRS has the authority to terminate an Offer in Compromise if all the terms and conditions of the agreement are not met. If the Offer in Compromise is terminated, the IRS can charge the taxpayer the original amount of tax debt.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. Hawaiian taxpayers must submit IRS Form 656 to the Internal Revenue Service to provide detailed financial information about the taxpayer and their ability to pay their tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Form 443-A provides additional information about the Hawaiian taxpayer and their ability to pay their federal tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Hawaiian taxpayers will need to submit IRS Form 433-B to the Internal Revenue Service if a taxpayer’s business tax debt is included in the Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Hawaiian taxpayers who request an Offer in Compromise fee waiver must submit Form 565-A.

Oregon taxpayers who owe federal tax debt may be able to settle their debt at a fraction of the full liability owed. The Internal Revenue Service has created a variety of tax settlement programs for taxpayers to repay their tax debt and help them meet all of their future federal tax obligations. One of the most popular tax settlement options is Offer in Compromise. Offer in Compromise or OIC allows the Oregon taxpayer to make an “offer” or sum of money they would be able to pay to settle back tax debt. The offer is considered a “compromise” and if it is accepted by the IRS and all of the OIC requirements are fulfilled, the debt will be settled.

The United States government has given the Internal Revenue Service the authority to collect federal tax debt which is used to fund the activities of the federal government. Under this authority, the IRS has the sole discretion to accept or deny offers made under the Offer in Compromise program. The Oregon taxpayer will not have any legal recourse against the IRS if they do not accept their OIC offer.

Interest and penalties will continue to accrue while the Internal Revenue Service is considering a taxpayer’s Offer in Compromise offer. If the IRS does not accept the offer, the Internal Revenue Service can begin their aggressive collection efforts with the detailed information which the taxpayer has provided to them. Approximately 25% of the OIC offers are accepted by the IRS at the initial application level. More may be accepted on appeal. Offer in Compromise can be expensive and time consuming.

Oregon taxpayers who have federal back tax debt and who are considering Offer in Compromise should contact a tax professional. Offer in Compromise is only one of several tax settlement options available and will not be the best option for all Oregon taxpayers.

Qualifying for Offer in Compromise in Oregon

Oregon taxpayers who are considering Offer in Compromise must meet one of the following conditions:

1. Doubt as to Liability- If an Oregon taxpayer has doubts the amount of federal tax debt which has been assessed against them and the Internal Revenue Service agrees the amount is questionable, the IRS may be willing to accept an Offer in Compromise.
2. Doubt as to Collectibility- The Internal Revenue Service may conclude that certain tax debt will not be collectible or the cost to collect will be too high. If the Internal Revenue Service makes this determination an Offer in Compromise may be accepted. Under this condition, the amount of tax debt is not in question, only the ability of the Internal Revenue Service to collect the federal tax debt.
3. Effective Tax Administration- Certain Oregon taxpayers will not be able to pay their federal tax debt with out suffering “an economic hardship which is inequitable and unfair”. If the IRS makes this determination, an Offer in Compromise may be granted. This option is used most often for the handicapped and the disabled.

Rejection of Offer in Compromise in Oregon

Unfortunately, the approval rate for Offer in Compromise is approximately 25%. A higher percentage may be accepted on appeal. If the IRS denies the taxpayer’s Offer in Compromise they are required to send written notification for the reason for the denial and the amount they would consider acceptable. The IRS most commonly denies OIC offer because they believe the offer is too low. If the Internal Revenue Service has denied an Oregon taxpayer the right to review the Offer in Compromise information, the taxpayer has the legal authority to request the information under the Freedom of Information Act.

Offer in Compromise appeals must be made with in thirty days of the date of the denial. Tax professionals can assist with all first time Offer in Compromise offers as well as the OIC appeal’s process. New OIC forms will only need to be filed if the deadline has expired or an Oregon taxpayer’s financial situation has dramatically changed.

Appealing an Offer in Compromise in Oregon

Offer in Compromise appeals can be made informally with the IRS administrator who made the first denial decision. This administrator may or may not be willing to negotiate. If negotiation attempts fail with the administrator, a more formal approach is available by sending a letter to the IRS with in 30 days of the OIC denial. The Internal Revenue Service is often willing to negotiate a settlement to help the taxpayer settle the debt and encourage the taxpayer to pay future tax liability.

Oregon taxpayers must meet the following requirements to qualify for Offer in Compromise:

• Oregon taxpayers will need to provide to the Internal Revenue service all requested financial documentation
• Oregon taxpayers will need to complete all the OIC forms and submit them to the IRS
• All federal tax returns must be filed
• Oregon resident’s who are self-employed must make all of their estimated tax payments each quarter
• All taxes must be paid except for back tax payments outlined in the OIC offer

To qualify for an Offer in Compromise an Oregon taxpayer must submit the following forms:

1. IRS Form 656- Offer in Compromise. IRS Form 656 provides detailed financial information to the Internal Revenue Service and documents the ability of the taxpayer to repay their debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. The form provides additional financial information to the Internal Revenue Service.
3. IRS Form 443-B- Collection Information Statement for Businesses. Internal Revenue Service uses Form 433-B to provide information to the Internal Revenue Service about a taxpayer’s business. Tax Form 433-B is only required if the taxpayer is including their business tax debt in the Offer in Compromise offer.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. If an Oregon taxpayer is requesting the OIC fee be waived, they must complete IRS Form 656-A.

Oregon Tax Professionals

The Internal Revenue Service provides a variety of tax settlement options. Tax professionals have the experience necessary to review a taxpayer’s financial data and determine which tax settlement program may be best. Tax professionals can also help with submitting an Offer in Compromise and with all negotiations in the OIC appeal’s process.

Offer in Compromise or OIC is one of the most popular IRS tax settlement options available to taxpayers. Offer in Compromise allows the Rhode Island taxpayer to make an offer to the IRS to settle their IRS tax debt. Frequently the offer is for far less than the full amount of tax debt owed. If the IRS accepts the offer, it is considered a “compromise” and all of the IRS tax debt outlined in the offer will be considered settled.

The IRS denies approximately 80% of first time Offer in Compromise offers, but more may be accepted after a series of negotiations or after a formal appeal. The IRS only accepts OIC offers if the taxpayer meets certain conditions and the IRS does not think they can repay their IRS debt with an installment agreement or with a lump sum payment.

The IRS has been given authority by the federal government to collect taxes which fund the United States federal government. Failure to pay IRS tax debt can result in bank account levies, wage garnishments and property repossession. Rhode Island taxpayers who are the target of the IRS collection actions can contact a tax professional who can provide information about IRS tax settlement options which are currently available to them.

Three types of Offer in Compromises:

There may be many Rhode Island taxpayers who desire an OIC agreement who will not qualify for one. To accept the taxpayer’s OIC offer, the IRS must determine that the taxpayer’s debt meets one of the following conditions:

1. Doubt as to Liability - An OIC offer may be accepted if there is some doubt as to the accuracy of the tax debt which has been assessed. Errors can occur through miscalculations, tax law misinterpretation, or failure to consider all of the taxpayer’s financial information. This condition is not frequently met.

2. Doubt as to Collectibility -  Under this condition the amount of tax debt is not in question, only the ability of the IRS to collect the tax debt. An OIC may also be accepted if the IRS has determined collection of the tax is too high.

3. Effective Tax Administration- If the IRS determines the Rhode Island taxpayer may suffer a hardship which is inequitable or unfair if they pay their outstanding tax debt, the IRS may accept an OIC offer. This condition is used mainly for the elderly or the handicapped.

Rejection of Offer in Compromise in Rhode Island

The IRS not only has authority to collect federal tax debt, but they may also decide how much they are willing to accept to settle outstanding IRS tax debt. The IRS has the ability to accept or deny all OIC offers and the Rhode Island taxpayer will not have any legal authority to compel the IRS to accept an offer through lawsuits or any other legal means.

If the Internal Revenue Service denies an Offer in Compromise, they are required to send a written notice to the Rhode Island taxpayer outlining the reasons for the OIC denial. Most OIC offers are denied because the IRS has determined the offer is too low. If this is the reason, the IRS should be able to provide a counter offer to the taxpayer which the government thinks is reasonable. All information which is not provided by the IRS to the taxpayer may be requested under the Freedom of Information Act.

Appealing an Offer in Compromise in Rhode Island

The first step in the negotiation process if the OIC is denied is to contact the IRS and try to speak with the IRS agent who reviewed the first OIC offer. If the IRS administrator is not willing to negotiate, the taxpayer has 30 days from the date of the OIC denial letter to file a formal OIC appeal.

The Offer in Compromise letter should contain the following information:

• The Rhode Island taxpayer’s name, address, social security number and telephone number.
• The reason the Rhode Island taxpayer is appealing the Offer in Compromise denial.
• All changes the Rhode Island taxpayer would like made.
• Documentation outlining the tax periods or years in question.
• Federal tax law information which may support the Rhode Island taxpayer’s position.
• The Rhode Island taxpayer must sign the Offer in Compromise letter under penalty of perjury.

All Offer in Compromise appeals and negotiations can be done with out the assistance of a tax professional, but many Rhode Island taxpayers will need help. Rhode Island taxpayers who seek tax assistance should contact a tax professional who is either a tax attorney, a certified public accountant or an enrolled agent.

Completing an Offer in Compromise

Rhode Island taxpayers will need to complete the following tasks:

• Rhode Island taxpayers must complete their Offer in Compromise forms and send them to the IRS.
• Rhode Island taxpayers must send their IRS tax information to the IRS.
• Rhode Island taxpayers must complete the federal tax returns and send them to the Internal Revenue Service before the tax deadline for the next five years.
• All self-employed Rhode Island taxpayers must mail their federal tax returns and pay their estimated IRS taxes each quarter.
• All IRS taxes must be paid by Rhode Island taxpayers for the next 5 years.
• All OIC requirements must be completed by the Rhode Island taxpayer.
• Federal tax refunds from the IRS will be paid toward the Rhode Island taxpayer’s tax debt for the calendar year that the Offer in Compromise is accepted.

The Offer in Compromise can be cancelled if the Rhode Island taxpayer fails to complete all of the required tasks. The IRS can also reinstate the full amount of the taxpayer’s tax debt.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. Rhode Island taxpayers must send form 656 to the IRS to provide information about their ability to pay their IRS tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Rhode Island taxpayers must send form 443-A to the IRS to provide additional information about their ability to repay their IRS taxes.
3. IRS Form 443-B- Collection Information Statement for Businesses. Rhode Island taxpayers must send form 433-B to the IRS if they are including their business debt in their Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Rhode Island taxpayers must only send form 565-A to the IRS if they are requesting an Offer in Compromise fee waiver.

The Internal Revenue Service (IRS) offers a variety of tax settlement options for Maryland taxpayers who would like to settle their IRS tax debt. Offer in Compromise is one these options and may allow Maryland taxpayers to settle their debt for a fraction of the total amount owed.

Offer in Compromise or OIC allows Maryland taxpayers to make an “offer” to the IRS and if the IRS decides to take the offer, it will be considered a compromise settlement for outstanding tax debt. One of the main reasons the IRS may be willing to accept an OIC is it may eliminate the need for the IRS to accept an extended settlement agreement.

The IRS currently accepts approximate 25% of all OIC offers but will only do so if they believe the taxpayer would suffer an unreasonable hardship if the tax was paid, the amount of tax debt may not be accurate or the IRS may not be able to collect the tax debt.

The IRS has been given the authority to collect taxes by the federal government and if Maryland taxpayers fail to pay their tax debt the IRS is authorized to use a variety of aggressive collection methods to collect the debt including: wage garnishments, property repossessions or bank levies.

Maryland taxpayers who have excessive tax debt and are considering Offer in Compromise may want to contact a tax professional for more information. OIC can be time consuming and expensive. Offer in Compromise is only one of several available tax settlement options and it may not be the best one for all Maryland taxpayers.

Qualifying for Offer in Compromise in Maryland

Maryland taxpayers who want an Offer in Compromise must meet one of the following requirements:

Doubt as to Liability - Maryland taxpayers may qualify for an Offer in Compromise if there is some doubt as to the accuracy of the amount of tax debt which has been assessed. This requirement is seldom met.

Doubt as to Collectibility -  Maryland taxpayers may qualify for an Offer in Compromise if the IRS determines it is unlikely the tax debt will every be collected either now or in the future. The IRS may also decide to grant an OIC if they determine trying to collect the tax debt is too expensive.

Effective Tax Administration- Maryland taxpayers who may suffer “an inequitable or unfair hardship” by paying outstanding IRS tax debt may qualify for an Offer in Compromise. This option is most frequently used by the elderly and the disabled.

Rejection of Offer in Compromise in Maryland

The Internal Revenue Service will deny most Offer in Compromise offers. The IRS has the authority to accept an offer and if they choose to deny the OIC, Maryland taxpayers will not have the legal authority to sue the IRS.

All denial letters must include a reason for the denial and if the offer was considered too low, the IRS may be willing to make a counter offer to help the government and the Maryland taxpayer find to an OIC offer which is agreeable to both parties. If the IRS refuses to provide Offer in Compromise information to the taxpayer, it can be requested under the Freedom of Information Act.

Appealing an Offer in Compromise in Maryland

The first step in OIC negotiations is to contact the IRS administrator who made the first Offer in Compromise denial decision. More formal OIC appeals can be made by sending an appeal letter to the Internal Revenue Service within 30 days from the date of the denial letter.

Maryland taxpayers must submit new Offer in Compromise forms if the Offer in Compromise appeal deadline has past or if their financial status has substantially changed.

Completing an Offer in Compromise

All of the following tasks must be completed by Maryland taxpayers for an Offer in Compromise:

• Maryland taxpayers must complete all Offer in Compromise forms and send them to the IRS.
• Maryland taxpayers must send their financial data to the Internal Revenue Service in a timely fashion. Financial information includes: Maryland taxpayer’s pay stubs, banking and vehicle information.
• Maryland taxpayers must complete and send all federal tax returns to the IRS on or before the tax deadline for the next 5 years.
• All self-employed Maryland taxpayers must pay their estimated federal taxes and file their tax returns every quarter.
• All tax payments (except the amount outlined in the Offer in Compromise) must be paid by Maryland taxpayers for the next 5 years.
• Maryland taxpayers must pay the amount outlined in the OIC.
• All refunds will be applied to the Maryland taxpayer’s federal tax debt before the Offer in Compromise is accepted.
• The IRS will apply any IRS tax refund to the Maryland taxpayer’s tax debt for the calendar year that the Offer in Compromise is approved.

Maryland taxpayers who do not complete the previous actions may have their Offer in Compromise terminated and the IRS may reinstate the full amount of their IRS tax.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. Maryland taxpayers must submit IRS Form 656 to the IRS to provide detailed financial information about the taxpayer’s ability to pay their tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Form 443-A provides additional information to the IRS about the ability of the Maryland taxpayer to pay their federal tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Form 433-B provides information to the Internal Revenue Service about the Maryland taxpayer’s business. This form will only need to be sent to the IRS if the business tax debt is included in the Offer in Compromise agreement.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Maryland taxpayers who are requesting an Offer in Compromise fee waiver must submit this form.

Georgia taxpayers who owe federal back taxes have several IRS tax settlement options available to settle the debt. One of the most common programs is Offer in Compromise or OIC. Offer in Compromise allows the taxpayer to make an “offer” for less than the full amount of tax debt owed and the Internal Revenue Service (IRS) will either choose to accept or reject the offer. If the IRS decides to accept the offer, it is considered a “compromise” and will completely settle the IRS tax debt. The IRS has an incentive to accept OIC offers because it allows them to avoid declaring a tax debt as not collectible or extend the payment period with a protracted installment agreement.

The federal government has given the Internal Revenue Service the authority to collect tax debt from United States taxpayers. With this authority, the IRS also has sole discretion to accept or decline Offer in Compromise offers.  The IRS frequently will settle IRS tax debt if they believe the debt is unlikely to be collected, there is question to the amount of tax debt owed or if paying the taxes will cause a Georgia taxpayer extreme financial difficulty. Currently the Internal Revenue Service accepts approximately 25% of the initial Offer in Compromise offers. Unfortunately, if the IRS declines the OIC offer, the Georgia taxpayer will have no legal recourse against the IRS and the IRS can continue their aggressive debt collection efforts with the detailed information the Georgia taxpayer has provided.

All Georgia residents who are considering an Offer in Compromise should contact a tax professional for assistance. Offer in Compromise can be a complicated, time consuming and expensive tax settlement option. Penalties and interest will continue to accrue until the offer is accepted. There are several IRS tax settlement options available to eliminate tax debt and Offer in Compromise may not be the best option for all Georgia taxpayers.

Qualifying for Offer in Compromise in Georgia

For a Georgia taxpayer to qualify for Offer in Compromise, they must meet one of the following conditions:

Doubt as to Liability - The Internal Revenue Service must agree that there is some doubt as to the amount of IRS tax debt which has been assessed to the Georgia taxpayer. This condition is not often met.

Doubt as to Collectibility - The Internal Revenue Service must agree that it is unlikely that the assessed taxed liability will be collected now or in the future or the IRS considers the cost to collect the tax debt too high.

Effective Tax Administration-  Under certain conditions, collection of the IRS tax debt will cause a Georgia taxpayer an economic hardship which would be inequitable or unfair. If the IRS agrees, they will accept an Offer in Compromise. This condition is most frequently accepted for the elderly and handicapped.

Rejection of Offer in Compromise in Georgia

Up to 80% of Offer in Compromise offers will be declined. More will be accepted after a series of negotiations or a formal appeal. If the IRS rejects a Georgia taxpayer’s offer they are required to send written notification outlining the reason for the denial and what amount they would consider reasonable to settle the debt. New OIC forms will only have to be resubmitted if the OIC deadline has passed or if the taxpayer’s financial information has significantly changed. All Offer in Compromise information is available to Georgia taxpayers under the Freedom of Information Act.

Appealing an Offer in Compromise in Georgia

Informal negotiations to request an OIC reconsideration can be made by contacting the IRS administrator who made the first OIC denial decision. The IRS frequently negotiates with the taxpayer to find an offer which is acceptable to the Georgia taxpayer and the IRS. If informal negotiations fail, Georgia taxpayers can make a more formal written appeal to the Internal Revenue Service with in thirty days from the date of the OIC denial letter.

Completing an Offer in Compromise

To file an Offer in Compromise the Georgia taxpayer will have to complete the following tasks:

• Submit a series of Offer in Compromise forms and financial documents to the Internal Revenue Service. OIC required documentation can include: Georgia taxpayer’s pay stubs, bank records, and vehicle information.
• Georgia taxpayers will have to file all Internal Revenue Service federal tax returns on or before the federal tax deadline for the next 5 years
• All self-employed Georgia workers will have to make estimated federal tax payments and file all federal tax returns each quarter
• Georgia taxpayers must pay all Internal Revenue Service federal tax payments (excluding the amount outlined in the OIC offer) for the next 5 years
• Georgia taxpayers must agree to pay the amount outlined in the Offer in Compromise agreement
• Georgia taxpayers must agree to let the Internal Revenue service keep all IRS tax refunds and apply them to the tax debt prior to submitting the Offer in Compromise
• The IRS will apply any tax refund to the Georgia taxpayers back taxes for the calendar year that the OIC is approved

Failure to fulfill the terms outlined in the OIC agreement can give the Internal Revenue Service the legal right to revoke the Offer in Compromise and charge the Georgia taxpayer with the full amount of IRS tax debt.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. IRS Form 656 provides financial information to the Internal Revenue Service about the Georgia taxpayer’s financial status and their ability to repay their IRS tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Form 443-A provides additional financial information to the Internal Revenue Service about the Georgia taxpayer’s ability to pay their tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Form 433-B provides information to the IRS about the Georgia taxpayer’s business.  Georgia taxpayers are required to submit tax Form 433-B if their business tax debt is included in the Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Georgia taxpayers must complete this form if they are requesting the Offer in Compromise fee waiver.

The Internal Revenue Service has created a variety of tax settlement options to help Tennessee taxpayers settle federal tax debt at a fraction of the full amount. Offer in Compromise is one of the most common of these programs. The goal of the Offer in Compromise (OIC) is to allow the Tennessee taxpayer to make an “offer” and if the Internal Revenue Service accepts the offer, than the tax liability will be settled if the OIC requirements are met. The IRS has developed the OIC program to help taxpayers settle tax debt and have the ability to meet all of their future tax obligations.

The Internal Revenue Service has been given the legal authority by the United States federal government to collect taxes. Tax payments are used by the federal government to fund their activities. The Internal Revenue Service also has sole authority to accept or decline Offer in Compromise offers. If the IRS does not accept the taxpayer’s offer, the taxpayer does not have any legal authority to sue the Internal Revenue Service.

Until the Internal Revenue Service accepts an OIC offer, penalties and interest will continue to accrue on the outstanding tax debt. In addition, if the offer is declined, the IRS will have detailed financial information from Tennessee taxpayers to continue aggressive collection actions. Currently approximately 25% of first time offers are declined. More may be accepted after all appeals and negotiations are completed. Offer in Compromise is not the best option for everyone. It can be expensive and time consuming. All Tennessee taxpayers who are considering Offer in Compromise may want to seek the advice of a tax professional.

Qualifying for Offer in Compromise in Tennessee

Not all Offer in Compromise offers will be accepted. Tennessee taxpayers who are considering an OIC must meet one of the following criteria:

1. Doubt as to Liability- Tennessee taxpayers who have doubt as to the amount of tax liability they owe may be able qualify for Offer in Compromise. This condition is not frequently met.
2. Doubt as to Collectibility- If the Internal Revenue Service determines a Tennessee taxpayer’s debt is either not collectable or too expensive to collect they may accept an Offer in Compromise. This condition differs from the first condition because the amount of debt is not in question, only the ability of the Internal Revenue Service to collect the debt.
3. Effective Tax Administration- Tennessee taxpayers who are unable to pay federal tax debt because payment might cause “an economic hardship which is inequitable and unfair”, may be able to qualify for Offer in Compromise. This option is used most often for the handicapped and the disabled.

Rejection of Offer in Compromise in Tennessee

The Internal Revenue Service currently denies most Offer in Compromise offers. If an Offer in Compromise offer is denied, the Internal Revenue Service is required to send written notification to the Tennessee Taxpayer which outlines the reason the OIC offer has been denied and if the IRS considered the offer too low, what would be an acceptable offer. All Tennessee taxpayers have the right to view all Offer in Compromise information under the Freedom of Information Act.

Tennessee taxpayers who have been denied must file a formal written appeal to the Internal Revenue service with in 30 days from the date of the denial letter. Tax professionals can help with all stages of Offer in Compromise including the initial offer and the OIC appeals process. New Offer in Compromise forms do not need to be resubmitted unless a taxpayer’s financial situation has substantially changed or if the OIC deadline has expired.

Appealing an Offer in Compromise in Tennessee

Tennessee taxpayers who have been denied can contact the Internal Revenue administrator who first reviewed their Offer in Compromise offer to begin the negotiation process. The Internal Revenue Service will often work with the taxpayer to come to a mutually acceptable agreement. If the IRS administrator will not negotiate, a formal appeal can be made by sending a letter to the Internal Revenue Service with in the thirty-day deadline.

Tennessee taxpayers who hope to qualify for Offer in Compromise must meet the following requirements:

• Voluntarily submit all financial records and necessary documentation to the Internal Revenue Service
• Complete all the necessary Offer in Compromise forms to the Internal Revenue Service
• File all federal tax returns
• File and pay all estimated federal tax payments quarterly  (for taxpayers who are self-employed)
• Pay all federal tax debt except for the amount outlined in the Offer in Compromise

Tennessee taxpayers must also submit the following Offer in Compromise forms:

1. IRS Form 656- Offer in Compromise. IRS Form 656 provides detailed financial information about the financial status of the Tennessee taxpayer to the Internal Revenue Service and documents the ability of the Tennessee taxpayer to repay their federal tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. IRS Form 443-A provides additional financial information about the Tennessee taxpayer to the Internal Revenue Service.
3. IRS Form 443-B- Collection Information Statement for Businesses. Form 433-B provides information to the Internal Revenue Service about a Tennessee taxpayer’s business. Tax Form 433-B is not required if the Tennessee taxpayer is not including their business debt in the Offer in Compromise offer.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. This form is only needed if the Tennessee taxpayer is requesting the Offer in Compromise fee be waived.

Tennessee Tax Professionals

Offer in Compromise is only one of several Internal Revenue Service tax settlement options available for Tennessee taxpayers. Offer in Compromise can be expensive and time consuming.  Tax professionals can provide information about the right type of tax settlement plan for each taxpayer based on the taxpayer’s current financial situation.

The Internal Revenue Service has created a variety of tax repayment options to settle federal tax debt. New Jersey residents who can not pay all of their federal tax debt may be able to settle their IRS tax debt for a fraction of the total amount owed. Tax professionals such as enrolled agents, tax attorneys or tax accounts can help you determine what tax settlement option may be right for you.

Offer in Compromise

New Jersey residents may be able to settle their federal tax debt for less than they owe by filing an Offer in Compromise. Offer in Compromise allows the New Jersey taxpayer to make an “offer” which the Internal Revenue Service can accept or deny. Not all Offer in Compromises are accepted. Currently the IRS accepts approximately 20-25% of the offers it initially receives, however, more Offer in Compromises are accepted after additional negotiations or an appeal is made.

The IRS has sole discretion to accept the offer and taxpayers do not have any legal recourse against the IRS if their offer is denied. In addition, if the Offer in Compromise is denied, the Internal Revenue Service will have detailed financial information about the taxpayer and can use this information to continue their tax collection efforts. New Jersey taxpayers considering an Offer in Compromise should contact a tax professional before an Offer in Compromise is made.

Qualifying for Offer in Compromise in New Jersey

For New Jersey Taxpayers to qualify for Offer in Compromise they must meet one of the requirements outlined below.

1. Doubt as to Liability- New Jersey Residents who doubt the amount of tax debt they have been assessed may qualify for an OIC. This condition is not frequently met.
2. Doubt as to Collectibility- Under certain conditions the Internal Revenue Service may question their ability to collect tax debt. This does not mean the amount of debt is in doubt, only the ability of the IRS to collect the debt.
3. Effective Tax Administration- For many New Jersey taxpayers collection of the federal tax debt may cause “an economic hardship which is inequitable and unfair”. If the Internal Revenue Service agrees, they may grant an Offer in Compromise. This is most commonly used for the elderly and disabled.

Rejection of Offer in Compromise in New Jersey

Up to 80% of Offer in Compromise offers are rejected by the Internal Revenue Service. If the Internal Revenue Service denies the OIC, they will send a letter detailing the denial and a counter offer they would consider reasonable. The Internal Revenue Service is required to provide Offer in Compromise information under the Freedom of Information Act.  Most Offer in Compromise offers are denied because the IRS believes the offers are too low.

Tax professionals can help with the OIC application and with all OIC appeal efforts. A new Form 656 will only have to be completed if a New Jersey taxpayer’s financial status has changed drastically or if the taxpayer failed to file the appeal with in the thirty day deadline.

Appealing an Offer in Compromise in New Jersey

New Jersey taxpayers who have been denied an Offer in Compromise can negotiate with the administrator who made the first denial. Many times the Internal Revenue Service will be willing to negotiate to settle back taxes and put the taxpayer in a position to pay future tax obligations.

The Internal Revenue Service does not have to consider an appeal and the taxpayer does not have the legal authority to sue the Internal Revenue Service for refusing to consider their Offer in Compromise or their OIC appeal.

Filing for an Offer in Compromise in New Jersey

New Jersey taxpayers who are considering Offer in Compromise must complete the following tasks:

1. Provide detailed financial and tax information to the Internal Revenue Service
2. File all past tax returns.
3. File all tax estimates and tax payment quarterly if the taxpayer is self-employed
4. Pay all tax debt owed which is not covered under the Offer in Compromise agreement.

New Jersey residents must complete the following Offer in Compromise Forms:

1. IRS Form 656- Offer in Compromise. This OIC Form will provide information to the Internal Revenue Service detailing the amount of money the taxpayer believes they can pay to settle the debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. This form provides more information to the Internal Revenue Service about a taxpayers current financial statues and will help the IRS make a determination of the taxpayers ability to pay the tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. This is the same as the Internal Revenue Service Form 433-A but it is for businesses. The taxpayer will need to file this form if business tax debt will be included in the Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Taxpayers must file this form if they are not able to pay the fee for Offer in Compromise.

New Jersey Tax Professionals

All New Jersey taxpayers who have questions about their IRS tax debt or who are considering filing an Offer in Compromise should contact a tax professional. Tax professionals have extensive experience negotiating tax settlements with the IRS and can provide information to you about the best tax settlement option for your current financial situation.

Utah taxpayers who have outstanding IRS tax debt may have several available IRS tax settlement options they can use to settle their debt. Offer in Compromise or OIC is one of the most popular options and may allow the taxpayer to make a tax settlement offer to the IRS to settle federal tax debt for a fraction of the full amount of taxes owed. The IRS does not accept all OIC offers, but if they do accept the offer, all tax debt outlined in the OIC will be considered settled.

The IRS will only accept an OIC if a Utah taxpayer can not pay a one lump sum payment or if the taxpayer can not qualify for an installment agreement. If the IRS denies the Offer in Compromise they may be willing to negotiate with the taxpayer or review the OIC denial through a formal OIC appeal. The IRS has the authority not only to collect federal taxes to but to determine what tax amount will settle the tax debt. The Utah taxpayer will not be able to sue or file a lawsuit against the IRS.

Utah taxpayers who do not pay their outstanding tax debt may become the target of IRS collectors and may face wage garnishments, repossessions, bank account levies or imprisonment. It is not a good idea to ignore the IRS. All Utah taxpayers who have IRS back tax debt and need more information about Offer in Compromise or other IRS tax settlement options should contact a tax professional for more information. Offer in Compromise can cost a lot of money to implement, require the taxpayer to send detailed information to the IRS and can be time consuming. Offer in Compromise may not always be the best solution for all Utah taxpayers.

Three types of Offer in Compromises:

The IRS does not accept all Offer in Compromise applications. Utah taxpayers must meet certain criteria to qualify for an OIC:

1. Doubt as to Liability - If the amount of IRS tax debt is in question the IRS may be willing to accept an Offer in Compromise. Errors can occur if the IRS made a calculation error, misapplied the federal tax laws or did not consider all of the taxpayer’s financial information. Errors in the tax amount are not common.

2. Doubt as to Collectability - If the tax amount can not be collected either now or in the future the IRS may be willing to accept an Offer in Compromise. Under this condition the amount of debt is not in question. The Internal Revenue Service also may accept an OIC if they think it will cost them too much to collect the tax debt.

3. Effective Tax Administration- If a taxpayer can not pay their tax debt with out experiencing an economic hardship which is unfair or inequitable the IRS may accept an Offer in Compromise. The elderly and handicapped most frequently use this condition.

Rejection of Offer in Compromise in Utah

The IRS has the authority to make the final decision on all Offer and Compromise agreements. Utah taxpayers may be able to appeal the decision, but if the IRS is not willing to accept the appeal, the Utah taxpayer can not file suit against the IRS in court.

If an Offer in Compromise is denied the IRS is required to send the Utah taxpayer an OIC denial letter detailing the reason the request was denied. Most OIC requests are denied because the IRS believes the OIC offer was too low. The IRS may be willing to negotiate with the Utah taxpayer to find an OIC offer which both parties find agreeable. If the Internal Revenue Service refuses to provide the Offer in Compromise documentation to the taxpayer, this information can be requested under the Freedom of Information Act.

Appealing an Offer in Compromise in Utah

Negotiations for OIC denials frequently begin by contacting the IRS administrator who reviewed the initial OIC offer. If the administrator is unwilling or unable to negotiate a new offer, the Utah taxpayer can make a formal appeal by sending a written letter to the IRS within 30 days from the date of the OIC denial letter. Utah taxpayers must include the following details in their OIC appeal’s letter:

• Utah taxpayer’s social security number, full name, address and telephone number
• The Utah taxpayer must make a statement detailing the reasons they are appealing the OIC denial.
• The Utah taxpayer should include a copy of the letter sent by the IRS and provide a list of the proposed changes or items that the taxpayer wants updated and the reasons why.
• The taxpayer must document the tax periods or years in question.
• The taxpayer should include any federal tax laws or other details which may support their position.
• The letter must be signed by the Utah taxpayer under penalty of perjury.

All negotiations and Offer in Compromise appeals can be done without the help of a tax professional, but it may be a good idea to contact someone who has experience negotiating settlements. Utah taxpayers who seek outside legal counsel should contact a tax professional who is a certified public accountant, an enrolled tax agent or a tax attorney.

Completing an Offer in Compromise

Utah taxpayers must also complete the following Offer in Compromise tasks:

• All OIC paperwork must be completed and sent to the IRS by the Utah taxpayer.
• Personal financial information must be sent to the IRS when it is requested. The IRS may request information about the taxpayer’s employment, bank records or vehicle information.
• Federal tax forms must be sent to the IRS on or before the tax deadline each year.
• Utah workers who are self-employed must make estimated tax payments to the IRS each quarter.
• All federal taxes must be paid by Utah taxpayers for the next five years.
• All OIC payments must be made per the Offer in Compromise agreement.
• The Internal Revenue Service will apply all tax refunds to the Utah taxpayer’s IRS debt for the calendar year that the OIC is accepted.

Failure to comply with the Offer in Compromise requirements may cause the IRS to terminate the Offer in Compromise agreement. If the IRS terminates the OIC agreement the full amount of IRS tax debt may be reinstated.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. Utah taxpayers must submit IRS Form 656 to the IRS so the IRS can identify the taxpayer’s ability to pay their tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Utah taxpayers must send IRS Form 443 A to the IRS to provide additional information on their ability to repay their tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Utah taxpayers must send IRS Form 433-B to the IRS if their business tax debt is included in their Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Utah taxpayers must submit IRS Form 565-A only if they are requesting an OIC fee waiver.

Georgia taxpayers who owe federal back taxes have several IRS tax settlement options available to settle the debt. One of the most common programs is Offer in Compromise or OIC. Offer in Compromise allows the taxpayer to make an “offer” for less than the full amount of tax debt owed and the Internal Revenue Service (IRS) will either choose to accept or reject the offer. If the IRS decides to accept the offer, it is considered a “compromise” and will completely settle the IRS tax debt. The IRS has an incentive to accept OIC offers because it allows them to avoid declaring a tax debt as not collectible or extend the payment period with a protracted installment agreement.

The federal government has given the Internal Revenue Service the authority to collect tax debt from United States taxpayers. With this authority, the IRS also has sole discretion to accept or decline Offer in Compromise offers.  The IRS frequently will settle IRS tax debt if they believe the debt is unlikely to be collected, there is question to the amount of tax debt owed or if paying the taxes will cause a Georgia taxpayer extreme financial difficulty. Currently the Internal Revenue Service accepts approximately 25% of the initial Offer in Compromise offers. Unfortunately, if the IRS declines the OIC offer, the Georgia taxpayer will have no legal recourse against the IRS and the IRS can continue their aggressive debt collection efforts with the detailed information the Georgia taxpayer has provided.

All Georgia residents who are considering an Offer in Compromise should contact a tax professional for assistance. Offer in Compromise can be a complicated, time consuming and expensive tax settlement option. Penalties and interest will continue to accrue until the offer is accepted. There are several IRS tax settlement options available to eliminate tax debt and Offer in Compromise may not be the best option for all Georgia taxpayers.

Qualifying for Offer in Compromise in Georgia

For a Georgia taxpayer to qualify for Offer in Compromise, they must meet one of the following conditions:

Doubt as to Liability - The Internal Revenue Service must agree that there is some doubt as to the amount of IRS tax debt which has been assessed to the Georgia taxpayer. This condition is not often met.

Doubt as to Collectibility - The Internal Revenue Service must agree that it is unlikely that the assessed taxed liability will be collected now or in the future or the IRS considers the cost to collect the tax debt too high.

Effective Tax Administration-  Under certain conditions, collection of the IRS tax debt will cause a Georgia taxpayer an economic hardship which would be inequitable or unfair. If the IRS agrees, they will accept an Offer in Compromise. This condition is most frequently accepted for the elderly and handicapped.

Rejection of Offer in Compromise in Georgia

Up to 80% of Offer in Compromise offers will be declined. More will be accepted after a series of negotiations or a formal appeal. If the IRS rejects a Georgia taxpayer’s offer they are required to send written notification outlining the reason for the denial and what amount they would consider reasonable to settle the debt. New OIC forms will only have to be resubmitted if the OIC deadline has passed or if the taxpayer’s financial information has significantly changed. All Offer in Compromise information is available to Georgia taxpayers under the Freedom of Information Act.

Appealing an Offer in Compromise in Georgia

Informal negotiations to request an OIC reconsideration can be made by contacting the IRS administrator who made the first OIC denial decision. The IRS frequently negotiates with the taxpayer to find an offer which is acceptable to the Georgia taxpayer and the IRS. If informal negotiations fail, Georgia taxpayers can make a more formal written appeal to the Internal Revenue Service with in thirty days from the date of the OIC denial letter.

Completing an Offer in Compromise

To file an Offer in Compromise the Georgia taxpayer will have to complete the following tasks:

• Submit a series of Offer in Compromise forms and financial documents to the Internal Revenue Service. OIC required documentation can include: Georgia taxpayer’s pay stubs, bank records, and vehicle information.
• Georgia taxpayers will have to file all Internal Revenue Service federal tax returns on or before the federal tax deadline for the next 5 years
• All self-employed Georgia workers will have to make estimated federal tax payments and file all federal tax returns each quarter
• Georgia taxpayers must pay all Internal Revenue Service federal tax payments (excluding the amount outlined in the OIC offer) for the next 5 years
• Georgia taxpayers must agree to pay the amount outlined in the Offer in Compromise agreement
• Georgia taxpayers must agree to let the Internal Revenue service keep all IRS tax refunds and apply them to the tax debt prior to submitting the Offer in Compromise
• The IRS will apply any tax refund to the Georgia taxpayers back taxes for the calendar year that the OIC is approved

Failure to fulfill the terms outlined in the OIC agreement can give the Internal Revenue Service the legal right to revoke the Offer in Compromise and charge the Georgia taxpayer with the full amount of IRS tax debt.

Offer in Compromise Forms

1. IRS Form 656- Offer in Compromise. IRS Form 656 provides financial information to the Internal Revenue Service about the Georgia taxpayer’s financial status and their ability to repay their IRS tax debt.
2. IRS Form 443 A- Collection Information Statement for Wage Earners and Self-Employed Individuals. Form 443-A provides additional financial information to the Internal Revenue Service about the Georgia taxpayer’s ability to pay their tax debt.
3. IRS Form 443-B- Collection Information Statement for Businesses. Form 433-B provides information to the IRS about the Georgia taxpayer’s business.  Georgia taxpayers are required to submit tax Form 433-B if their business tax debt is included in the Offer in Compromise.
4. IRS Form 656-A- Income Certification for Offer in Compromise Application Fee and Payment. Georgia taxpayers must complete this form if they are requesting the Offer in Compromise fee waiver.