Can I File an IRS Offer-in-Compromise If My Income Changes? (2021)

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Filing an Offer-In-Compromise when there is a reduction in your business’ income. This short video explains how the IRS determines offer amounts based on expected income.

Thank you for joining us on another video in our Morning Coffee Series!

Make sure to check out the rest of the videos in the series. Trust us, you don't want to miss out on this MUST KNOW information!

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A business’s income changes all the time, and business owners want to know:

Can they file an Offer-In-Compromise when there is a change in income?

This is our Morning Coffee Series, and we’re going to talk about that.

Can a business file an Offer-In-Compromise if its income changes?

The answer is YES.

In fact, the offer should reflect the changes and fluctuations in the business income.
Any Offer-in-Compromise by a business reflects the business’s ability to pay. If the business has or expects some reduction of income, well, then the ability to pay also changes.
In filing an Offer-in-Compromise, your business’s profit and loss is usually the starting point, and then we consider likely reductions in income.
This argument is most helpful when a business expects a change in income. This method works.
This portion of the offer proves to the IRS that the offer is a good deal for the government to take.


In most cases, an experienced tax lawyer will be the best person to prepare and file an Offer-in-Compromise for a business.


So, we’ve got a lot of questions still yet to cover.
And we do that throughout our Morning Coffee Series.


Stay tuned!

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Видео Can I File an IRS Offer-in-Compromise If My Income Changes? (2021) канала IRS Insiders with J. Anton