This calculator will calculate if you are eligible for an IRS transaction offer and, if so, the potential amount of the offer. This calculator is for estimation purposes only. Contact ALG Tax Solutions for a customized tax solution. The formula for this case is (disposable income per month x 2) plus the amount of assets available under Form 433-A (OIC)% of the 3D amount that the IRS will accept for a commitment offer when paid in 24 months.
To calculate the amount you can pay with a transaction offer calculator, subtract the value of your total assets from the total debts you owe. Government commitment calculator, you get the correct offer amount to propose to the IRS and you can submit your request right away. However, it may be useful to hire a tax lawyer to help you with documentation and the tax offer calculator in the event of a commitment. The result is the original minimum amount that the IRS says it will be willing to accept for a transaction offer, depending on the payment term selected.
To get a compromise offer for federal tax debt, you must ensure that your finances work for the IRS offer in the commitment formula. The IRS would rather have some of your debts settled than receive nothing at all, so if you qualify for a compromise offer, even though there's no 100% guarantee that your offer will be accepted, they'll most likely accept it if the amount you intend to pay is reasonably close to the full amount you owe them to the IRS. There are binding tax offer calculator options available online for you to use free of charge. The offer in commitment form is quite simple, and you can decide to complete and submit your application on your own without needing to obtain any type of legal consultation.
Confirm that you meet the requirements and prepare a preliminary proposal with the Offer in Compromise prequalification tool. While this seems like a fantastic opportunity, it's important to note that not everyone is eligible to apply for a commitment offer. The commitment offer program has an acceptance rate of 40.03%, so you have a good chance of being eligible for a commitment offer yourself. You'll also complete information about the total number of members in your household, the exact amount of the IRS tax debt you owe, and the most recent tax year in which you want to commit your payment.
For the reasons they know best, the IRS sometimes rejects a request for a commitment offer, even if you completed the form correctly and are eligible.