The first thing to know is that settlement periods vary by case. Most people can expect to settle within about seven months. The first step is to gather all evidence necessary for your case. This includes organizing financials for an Offer in Compromise (OIC) or building the narrative for penalty abatement. Realistically, the case-building process takes about one month.
Next is the review process. Applicants can expect to wait between three and four months once all paperwork has been submitted to the IRS or state body. There is also the potential that an appeal will be needed if an offer is rejected. The process to appeal a judgment typically takes two months. Your ability to be prompt, thorough, and forthcoming while submitting any forms and financials required will help to make the settlement process as quick as possible.