IRS Offer in Compromise Calculator

This calculator will estimate whether you're eligible for an IRS Offer in Compromise and, if so, potentially how much the offer will be. This calculator is for estimate purposes only. Contact ALG Tax Solutions for a personalized tax solution.

Part I: Total Equity in Assets

Need Help? Download our Offer in Compromise eBook and reference page 5.

Download Offer in Compromise eBook

Bank Accounts Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 7 for more information about bank accounts equity.

Investment Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 8 for more information about investment equity.

Retirement Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 9 for more information about retirement equity.

Are you allowed to take loans or withdraw funds from your 401k?
Are you currently able to withdraw funds from your 401k?
Is there a loan availabile for you to take now?

Whole Life Insurance Policy Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 10 for more information about whole life insurance policy equity.

Home Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 11 for more information about home equity.

Vehicle Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 12 & 13 for more information about vehicle equity.

Adjusted Vehicle#{{ vehicle.id }} Equity: {{ vehicle.equity }}

Other Assets Equity ?

Need Help?

Download our Offer in Compromise eBook & reference page 14 for more information about other assets equity.

Calculate Total Equity in Assets

Estimated Total Equity in Assets: {{ totalAssets | currency:undefined:0 }}

If you go back and adjust any of the above values, please click the calculate button above

If your assets are GREATER than or equal to your taxes owed to the IRS, no "Offer in Compromise" will be offered by the IRS. Contact ALG for help with other options including possible reductions in taxes owed, delays, special circumstances, etc.

If your assets are LESS than the your taxes owed to the IRS, proceed to cash flow portion below.

Questions? Learn More! Download our eBook Other Considerations Impacting an Offer in Compromise Submission

Part II: Monthly Income & Expenses

Need Help? Download our Offer in Compromise eBook and reference page 18.

Monthly Income?

Need Help?

Download our Offer in Compromise eBook & reference page 20 & 21 for more information about retirement equity.

Please enter the total income earned on a monthly basis by all members of the household.

Monthly Expenses?

Need Help?

Download our Offer in Compromise eBook & reference page 23-29 for more information about retirement equity.

Please enter household expenses on a monthly basis. To estimate monthly expenses, multiple weekly expenses by 4.33.

Calculate IRS Offer

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Based on the information you entered, Your estimated IRS Offer in compromise is:

Offer in Compromise - Lump Sum: {{ lumpSum | currency:undefined:0 }}

Offer in Compromise - Payment Plan: {{ paymentPlan | currency:undefined:0 }}/mo. for 24 months

Please Contact ALG Tax Solutions for a customized tax solution.

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Part 1: Calculator Summary
Total Bank Accounts Equity*: {{ checkingAccount + savingsAccount - 1000 | assetLineTotal | currency:undefined:0 }}
Total Investment Equity*: {{ portfolioAdjust - portfolioLiability | assetLineTotal | currency:undefined:0 }}
Total Retirement Equity*: {{ iraEquityAdjust + fourZeroOneAdjust - fourZeroOneWithdrawLoan + fourZeroOneLoanAdjust - fourZeroOneLoanTaken | assetLineTotal | currency:undefined:0 }}
Total Whole Life Policy Equity: {{ wholeLifeValue - wholeLifeLoan | assetLineTotal | currency:undefined:0 }}
Total Home Equity*: {{ homeEquityAdjust | assetLineTotal | currency:undefined:0 }}
Total Vehicle Equity*: {{ vehicleEquity | assetLineTotal | currency:undefined:0 }}
Total Other Assets Equity*: {{ otherAssetAdjust - otherAssetLoan | assetLineTotal | currency:undefined:0 }}
Estimated Total Equity in Assets: {{ totalAssets | currency:undefined:0 }}
Part 2: Calculator Summary
Monthly Cash Flow: {{ monthlyIncome - monthlyExpenses | assetLineTotal | currency:undefined:0 }}
Lump Sum Option: {{ lumpSum | currency:undefined:0 }}
Payment Plan Option: {{ paymentPlan | currency:undefined:0 }}/mo
* IRS adjusted values

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