An Offer in Compromise can be a valuable tax resolution option for qualifying taxpayers, but the process requires patience, accuracy, and ongoing compliance. While your offer is under IRS review, it is important to follow all payment instructions, stay current with tax filings, and avoid actions that could affect your eligibility. These guidelines are designed to help protect your offer and give it the best chance of being properly considered by the IRS.

Do:

1. Submit all required payments as outlined in the offer.
2. Stay current on all tax filings and future tax obligations.
3. Understand that non-refundable fees and payments are applied to the debt.
4. Be aware that failure to remain compliant for five years post-acceptance may void the agreement.

Do not:

1. Skip the estimated payments or fall behind on new tax liabilities.
2. Assume the offer is accepted until you receive official confirmation from the IRS.
3. Ignore IRS correspondence or requests for additional documents.
4. Take on new debt or make large financial transactions without discussing the impact on the OIC.
5. Stop making required payments unless instructed to do so.