ESTIMATE YOUR
OFFER IN COMPROMISE
Debtor Prisons were eliminated hundreds of years ago. Bankruptcy laws help debtors get a fresh start when they can’t pay their debts. Even the IRS knows it doesn’t make sense to keep demanding money from taxpayers who honestly can’t pay. An Offer In Compromise (OIC) allows a taxpayer to obtain relief (Compromise) from tax debts by qualifying for the OIC Program. Of course, there are many detailed rules and measurements that must be satisfied to receive tax debt relief.

This web page can give you an approximate answer to a simple question:

HOW MUCH MONEY WOULD YOU NEED TO OFFER IN ORDER TO RECEIVE RELIEF?

Do your best to input accurate data. Work your way through the entire calculation, and if you have questions, feel free to call or email me. (See contact info at the bottom of this page.)
Please note: The text boxes below accept only numbers.
Refreshing this page will clear all text boxes.
See our privacy guarantee at the bottom of this page.
NET EQUITY IN ASSETS Sub-Totals
Cash on Hand
Brokerage Account
Checking Account
Savings Account
Money Owed to You
Life Insurance Cash Value
Retirement Account
IRA, 401-K, 403-B, Other
+ Vehicles @ Estimated Fair Market Value
Vehicle #1
Vehicle #1 Loan Balance Due
Vehicle #2
Vehicle #2 Loan Balance Due
Other (RVs, Boats, Motorcycles, etc.)
+ Real Estate @ Estimated Fair Market Value
Personal Residence
Pers. Res. Mortgage Balance Due
Other Real Estate
Other Real Estate Loans/Mortgages
Total Equity in Assets
MONTHLY NET INCOME
Take-Home Wages - Taxpayer
Take-Home Wages - Spouse/Partner
Interest Income
Rental Income
Child Support Income Received
Alimony Received
Business and/or Other Income
Total Monthly Net Income X 12
MONTHLY EXPENSES
The tax agencies allow standard living expenses for food, clothing, housing, and miscellaneous. There is a maximum allowance based on the number of family members or dependents. For this basic estimate, select from one to five persons.
Your Allowance:
+ Monthly Vehicle Operating Expenses
Vehicle #1 (fuel, repairs, etc.)
Vehicle #2 (fuel, repairs, etc.)
Monthly Loan Payment (Vehicle #1 only)
+ Monthly Medical Expenses
Health Insurance Premiums
Out-of-Pocket Medical Expenses
+ Other Monthly Payments
Court-Ordered Monthly Payments
Additional payments you consider valid
Total Monthly Expenses X 12
Your ESTIMATED
OFFER IN COMPROMISE:

$0.00
And finally...Privacy!
Unlike most websites, this one doesn't use cookies. We don't ask for your email address or phone number. We won't text you or sell your name. If you want a record of this calculation, you can snap a photo with your phone, or do a screen-grab, or use your browser to print it. When you close this web page, we can't recover your data.

If you have any questions, or would like to discuss your situation, feel free to contact me by email or by phone.

Robert P. Fahey, CPA • 877-752-1360
bob@rpfaheycpa.com
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