A complete financial picture: your preparation guide.
A settlement discussion should account for both regular cash flow and assets. Prepare a consistent record of income, necessary expenses, and property rather than highlighting only the facts that support a lower offer. Accuracy makes the review more useful.
For this conversation,
start here.
An offer in compromise is a financial review with requirements, costs, and alternatives. This resource helps prepare accurate records before anyone proposes a settlement figure.
This checklist is an organization tool. It does not calculate eligibility, predict a settlement, or replace a response to an official notice.
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- Are required filings and current payments complete?
- Which assets, income, and expenses need documentation?
- Why is a settlement being considered instead of another option?
Turn records into a clear question.
Explain the tax years, notices, amounts, and actions already taken. Keep a copy of each record that supports the summary.
Identify what you do not yet understand. A precise question about the account is more useful than a broad request for a promised result.
Ask who will take the next action, what permission is needed, and which deadline applies. Keep the answer with your records.
Prepare the records. Then ask about the options.
Ask who will handle the work, which option is being discussed, and what fees apply. Write down the next action, the person responsible, and any follow-up date.