DIY Tax Help/Debt Relief
Debt Relief

Offer in Compromise Application Guide

Settle your IRS debt for less than you owe — the right way.

$1.99one-time · instant email delivery

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What's Included:

  • Form 656 (Offer in Compromise) completion guide with examples
  • Form 433-A (OIC) — Collection Information Statement walkthrough
  • Reasonable Collection Potential (RCP) calculator worksheet
  • Lump-Sum vs. Periodic Payment offer comparison
  • Asset valuation guidelines (home equity, vehicles, retirement accounts)
  • IRS pre-qualifier tool instructions
  • Appeal rights if your OIC is rejected (Form 13711)
  • Template OIC cover letter

What You Get

An Offer in Compromise (OIC) lets qualified taxpayers settle their IRS debt for less than the full amount owed. The IRS accepts roughly 40% of OIC applications — but most rejections happen because the offer amount is wrong or the paperwork is incomplete. This guide shows you exactly how to calculate your Reasonable Collection Potential (RCP), complete Form 656, and present the strongest possible offer.

Key Benefit

Potentially settle a $50,000 IRS debt for $5,000 or less if you qualify.

Who This Is For

Taxpayers with large IRS debts whose assets and income are limited — especially those facing economic hardship.

Complete Contents

  • Form 656 (Offer in Compromise) completion guide with examples
  • Form 433-A (OIC) — Collection Information Statement walkthrough
  • Reasonable Collection Potential (RCP) calculator worksheet
  • Lump-Sum vs. Periodic Payment offer comparison
  • Asset valuation guidelines (home equity, vehicles, retirement accounts)
  • IRS pre-qualifier tool instructions
  • Appeal rights if your OIC is rejected (Form 13711)
  • Template OIC cover letter
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