Taxpayers submitting offers to the IRS must use the most current year version of the booklet to avoid unnecessary issues with processing their offers. An updated Spanish version of the form is scheduled for release later this year.
Taxpayers thinking about submitting an offer will want to check out the IRS’s Offer in Compromise Pre-Qualifier Tool to make sure they’re eligible to file one. (Note: even though individuals and businesses can submit an offer, the tool is currently only available to individuals.)
The IRS also created an easy-to-navigate, OIC video playlist to help taxpayers to file an offer on their own and avoid paying excessive fees to companies advertising outlandish claims. Find more information on offers at IRS.gov/oic.