Tax debt settlements

When to consider Offer in Compromise (OIC) vs installment agreements; how to estimate Reasonable Collection Potential.

OIC overview

• Doubt as to collectibility vs liability.
• Income, expenses, assets: RCP calculation.
• Compliance prerequisites and post-acceptance rules.

Installment agreements

• Streamlined thresholds; automatic vs verified financials.
• Default pitfalls; reinstatement steps.