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    passd's Avatar
    passd Posts: 1, Reputation: 1
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    #1

    Feb 8, 2007, 10:40 PM
    Offer in comprise
    Is there an formula to use when preparing a offer in compromise to be submitted to the state of Georgia? IRS?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Feb 9, 2007, 02:55 PM
    There is not set formula, but you must realize that neither the IRS nor Georgia will accept a payment that is so smal that it will not pay at least PART of the taxes owed. They have NO incentive to accept such an offer.

    When I prepare Offers in Compromise, I generally tell the client that they should pay at least 25% of the taxes owed if they want to have any chance that it will be accepted.
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