See whether the IRS might settle your tax debt for less — based on the same 'reasonable collection potential' formula the IRS uses.
An Offer in Compromise lets qualifying taxpayers settle for less than they owe. The IRS decides using your 'reasonable collection potential' — your assets plus future income. Estimate yours below.
Educational estimate of IRS reasonable collection potential (RCP): cash at full value + 80% of asset equity + monthly disposable income × 12 (lump sum) or × 24 (periodic). Application fee $205, waived for low-income filers; lump-sum offers require 20% down. Not tax advice — actual acceptance depends on the IRS's Collection Financial Standards for allowable expenses, asset exemptions, and complete documentation. Most self-filed offers are rejected; professional preparation dramatically improves acceptance.
More free resolution tools: Offer in Compromise Estimator · Penalty & Interest Calculator · Installment Agreement Planner · Fresh Start Option Finder.