- Instructor: Attorney Bob Schaller
- Lectures: 11
- Quizzes: 1
Payment Issues with an Offer in Compromise.
The Offer in Compromise application must be accompanied by two separate payments: a $205 application fee, and a down-payment of either a Lump-Sum Payment Offer payment or a Periodic Payment Offer payment. As discussed below, two exceptions are made for the payment rule: (a) offers based on “doubt as to liability”; and (b) offers made by low-income taxpayers meeting the Low-Income Certification guidelines.
The discussion below relates to Offer in Compromise applications based on “doubt as collectibility” unless noted otherwise.
Curriculum
- 12 Sections
- 11 Lessons
- Lifetime
Expand all sectionsCollapse all sections
- Overview Video of Payment Issues1
- Overview of OIC Payment Issues1
- Application Fee1
- Lump-Sum Payment Offer Payment1
- Periodic Payment Offer Payment1
- Payment Method1
- Designation of Payments in Event of Rejection1
- Deposit1
- Low-Income Certification1
- IRS Retains All Payments1
- Miscellaneous Issues1
- Quiz1
