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I cant pay my delinquent taxes. Will the IRS accept a Compromise offer?

Tax_questionQ) I cant pay my delinquent taxes. Will the IRS accept a Compromise offer?

A) According to the IRS: You may qualify for an Offer in Compromise if you are unable to pay your taxes in full or if you are facing economic hardship or other special circumstances.

Note: Offer in Compromise Application Fee – Your offer must include the $186 application fee. If you are requesting a low-income exception of the fee, you must complete section 4 of the Form 656, Offer in Compromise. Form 656 can be found in Form 656-B(PDF), Offer in Compromise Booklet.

Offers received without the $186 fee or a completed section 4 of the Form 656 will not be accepted for processing.  Please see Step 6 on Page 4 of the Form 656-B (PDF), for more information on the required initial payment and application fee, and section 4 of the Form 656 to determine if you qualify for the low-income exception.  Please also see Steps 2 and 3 on Page 4 of the Form 656-B to determine whether your application must include either a completed Form 433-A (OIC) (PDF), Collection Information Statement for Wage Earners and Self-Employed Individuals, or Form 433-B (OIC) (PDF), Collection Information Statement for Businesses.

  • If you are not granted an Offer-in-Compromise and you are unable to pay your delinquent taxes in full at this time, you still may be eligible for an installment agreement.  For example, you can file Form 433-D (PDF), Installment Agreement, which is a request for a direct debit installment agreement.  The user fee for that is $52.  Refer to Tax Topic 202 – Tax Payment Options, for more information on paying in installments.
  • If you default on your installment agreement, you must pay a $50 reinstatement fee if we reinstate the agreement.
  • Refer to Tax Topic 204 – Offers in Compromise, for additional information.




 

Filed Under: IRS

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153 Responses to Click to Tell Us Your Experience At Your Local Tax Office

  1. Because the IRS processes the first return it receives, if another person claims your dependent first, the IRS will reject your return. The IRS won’t tell you who claimed your dependent. But if you don’t suspect anyone who could have claimed the dependent, your dependent may be a victim of tax identity theft. You’ll need to take some steps to protect your right to claim the dependent and your refund if you don’t think that the other person was eligible to claim your dependent. First, double check that you meet all of the requirements to claim the dependent.

    The IRS may delay your refund while the IRS looks into the issue, but you should still receive your refund. File a paper return. Note that when you file a paper return, it can take six to eight weeks for the IRS to process. This includes things like birth certificates and proof of identity, but also documents that show that your dependent lived with you at the same address for more than half of the year. This doesn’t mean that you can’t correct the situation. Don’t panic. The most important thing to remember is to prove with proper documentation that you are entitled to claim the dependent. Document your case as the IRS rules for claiming a dependent can get complicated.

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