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IRS urges taxpayers to use online tools to check OIC eligibility and submit offers
Summary
The video recommends taxpayers first use their IRS individual online account or the Offer in Compromise pre‑qualifier to check eligibility, calculate a potential offer, and submit payments; the online tools are currently available only to individuals, not businesses.
The presenter recommends taxpayers use an IRS individual online account as the first step to determine eligibility for an Offer in Compromise and to calculate a potential offer amount. "You can check eligibility, calculate a potential offer amount, make payments, and submit your offer online using this tool," the presenter says, adding that the online tool can save time before preparing paperwork.
For viewers without an individual online account, the presenter directs them to the Offer in Compromise pre-qualifier tool on irs.gov, but cautions that the online tools are currently available only to individuals, not businesses. The video points users to irs.gov/oic for links to both tools and further guidance.
