How long does an IRS Offer in Compromise take?
Channel: EA Tax Resolutions
Date: 23/08/2022

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🤵IRS Offer in Compromise Consultation in depth: https://calendly.com/anthony-eataxresolutions/discovery-call
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Very common question I get from people looking to settle their IRS tax debt through an offer in compromise is, how long does the offer in compromise process take? Well in my experience, on average about 1-1.5 years from the time we file the offer until the time we get a determination.

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🔴 Why Most IRS Offer in Compromise Get Rejected: https://www.youtube.com/watch?v=_DTcLgfc8XE&t=1s
🔴 IRS Form 433-A (OIC) Offer in Compromise Example - numbers used that got accepted by IRS. https://www.youtube.com/watch?v=ASqhcDX3OM4
🔴Case Study - IRS Offer in Compromise - Accepted: https://www.youtube.com/watch?v=uVSLFiRp7iw&t=8s
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Helpful Resources:

IRS Form 433-A (OIC) (Rev. 4-2021)
https://www.irs.gov/pub/irs-pdf/f433aoi.pdf

IRS Form 656 (April 2020)
https://www.irs.gov/pub/irs-pdf/f656.pdf

IRS Financial Collection Standards
https://www.irs.gov/businesses/small-businesses-self-employed/collection-financial-standards

Internal Revenue Manual - Offer in Compromise - Financial Analysis
https://www.irs.gov/irm/part5/irm_05-008-005r

IRS Withholding Calculator
https://www.irs.gov/individuals/tax-withholding-estimator

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

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