PERIODIC PAYMENT

  • Requires the first payment be made with the offer and the remaining balance paid within 24 months, in accordance with proposed offer terms.
  • Under this option, you must continue to make monthly payments while the IRS is evaluating the offer. Failure to make these payments will cause your offer to be returned. There is no appeal. Total payments must equal the total Offer Amount.
  • Excess income (“remaining monthly income”) multiplied by 24 determine the “future remaining income”; add the excess value of the assets (Box A and Box B) and you now have the total offer amount.
  • Exception: If you are an individual or are operating as a sole proprietorship and your household income meets the Low Income Certification guidelines, you will not be required to send the initial payment or make monthly payments during the evaluation of your offer.

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