Mesa AZ IRS offer in compromise forms

The two most common Mesa AZ IRS Offer in Compromise (OIC) forms are the 433-A for individuals and 433-B for businesses. There is also a $150 non-refundable application fee and a non-refundable initial payment. You will also have to decide on a payment option. There are two payment options:

Lump Sum Cash: Initial payment must be 20% of the total OIC amount. After acceptance the remaining balance must be paid in five or fewer payments.

Periodic Payment: Initial payment must be 20% of the total OIC amount and continue to pay the remaining balance in monthly installments while the IRS considers your offer. If your OIC is accepted, monthly payments need to be maintained until the agreed amount is paid in full.

If you meet the Low Income Certification guidelines, you are not required to send in the $150 application fee or the initial 20% payment or monthly installments during the evaluation period.

Scott Allen E.A. of Tax Debt Advisors, Inc. has the experience to guide you through the Mesa AZ IRS offer in compromise process from beginning to end. Tax Debt Advisors offers a free initial offer in compromise Mesa AZ review and can be reached at 480-926-9300 to schedule an appointment.