And all required documentation as specified in the forms. Use this tool to see if you qualify for an Offer of Commitment (OIC). Enter your financial information and tax status to calculate the amount of a preliminary offer. We made our final decision based on your completed ICO application and our associated research.
This tool should only be used as a guide. While you can show that you can pay your liability in full, you can still file an offer of commitment and discuss your individual financial situation with the IRS. In some cases, a tax provision in the settlement agreement that characterizes the payment may result in its exclusion from taxable income. Use this form if you want to settle the tax for less than what you owe because you can't pay the full amount of the tax debt.