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If you have some cash, that would be the initial offer on the Offer In Compromise. You then have to work the 433OIC form to see if you have any more monthly income to add to it. Then the value of your assets will add to it also if there is any. It can get very complicated so you can call someone who will give you a free consultation to see if you qualify before you try. Because of the complexity of the different forms, it helps to hire a firm that has a lot of experience in this area. If your taxes are about to expire there is no need to go this route.

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Q: Can I make an offer in compromise if you have some cash?
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