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OIC application fee and down payment guidance
Summary
The presenter explains an application fee applies to an Offer in Compromise and a down payment is generally required unless the filer qualifies for low-income certification or is submitting a 'doubt as to liability' offer; viewers are told to consult the current Form 656-B for fee amounts.
The video notes an application fee applies to submitting an Offer in Compromise and that a down payment is typically required. "There's an application fee to submit an offer in compromise, and you must submit a down payment unless you qualify for the low income certification or submit a doubt as to liability offer," the presenter says, and instructs viewers to check the current Form 656-B for the exact fee amount.
The presenter advises consulting the OIC booklet on irs.gov to confirm the fee and any low-income certification criteria that could waive the down payment. No specific dollar amounts are provided in the video; viewers are told to consult the current Form 656-B for the applicable fee.
