Offer in Compromise Calculator

A Few Minutes Could Help Your Business Save Thousands!

offer in compromise reviewed by business owners

Do I Qualify for a Business Offer in Compromise?

Thanks to the IRS Fresh Start Program, more business owners, including sole proprietors and independent contractors, are using Offers in Compromise (OIC) to significantly reduce, and sometimes even eliminate, their IRS business tax liabilities.

To help you determine whether a business OIC might be right for you, we offer this easy-to-use pre-qualifying tool.

  • Fast & friendly. Just a few minutes could help you assess your eligibility and potentially save you thousands.
  • Designed for business owners. Specifically built for sole proprietors and other business entities struggling with overdue federal taxes.
  • Next steps made simple. If you’re eligible, we’ll guide you on what happens next. If not, we’ll help you explore other available tax relief options.

Ready to Get Started? Here’s What You Need:

To make the calculator as accurate as possible, please have the following documents and figures ready before you begin:

  • Most recent business tax returns
  • Past-due IRS tax bills
  • Any IRS audit notices
  • Levy or lien notices
  • Wage garnishment notices (if applicable)
  • Current total monthly business income
  • Total monthly business expenses

If you don’t have every item at your fingertips, don’t worry, you can still move forward by providing reasonable estimates. Just remember, exact figures will be needed should you decide to pursue an OIC with the IRS.

How It Works

1. Select your business type:

Choose whether you’re a sole proprietor, independent contractor (sole proprietor), or another business owner.

2. Answer a few eligibility questions:

Provide details on your tax debt, business filings, audits, bankruptcy status, and other relevant factors.

3. Enter your finances:

Input your business assets, income sources, and monthly expenses.

4. See your pre-qualification result:

  • If you appear eligible, we’ll invite you to schedule a free consultation to discuss your next steps.

  • If you’re not a match right now, we’ll still help you review other tax relief options that may apply.

more info hint iconmore information about the calculatorWhy do you need this information?The IRS considers these things when determining your eligibility for an OIC.

Let’s Get Started!

OR

choose one

First, Let’s Check Eligibility
Have you filed all your tax returns?
If you’re required to pay estimated tax payments, did you pay all of your estimated tax payments for the current year?
Are you in an open bankruptcy proceeding?
Are you in an open IRS audit?
Are you waiting for determination on an outstanding innocent spouse claim?

First, Let’s Check Eligibility
If you have employees, have you submitted all your federal tax deposits this quarter for your business?
Is your business in an open bankruptcy proceeding?
Is your business in an open IRS audit?
Total Tax Debt
Total Asset Value $0
Total Assets Than Debt

Next, Time for the Numbers.

Let’s find out your total asset value. Please enter your numbers below.
Total Income $0

Now, Tell Us About Your Income.

Plugin the numbers and we’ll calculate your total income.
Total Expenses $0

Almost There!

Lastly, tell us how much you are spending each month.
oic alert iconalert of why you do not qualify for offer in compromise

Unfortunately,

It looks like you don’t qualify for Offer in Compromise at this time.

    oic congrats iconcongrats you qualify for offer in compromise

    Congratulations!

    It looks like you may be eligible for an Offer in Compromise.

    • Please schedule a free consultation by calling 855-774-0271, so we can discuss the next steps.