OIC 111: Expense Calculation for RCP, Part 1

Video Overview: The Expense Calculation for Reasonable Collection Potential of an Offer in Compromise.

Necessary Expense Requirement

National and Local Standards

Gathering Documents to Support Calculation

Food, Clothing, and other Items

Health Care Expenses

Housing & Utility Expenses

Transportation – Ownership Expenses

Transportation – Operating Expenses

Transportation – Public Transportation

Test Your Knowledge of the Expense Calculation for RCP – Part 1