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Retirement and Insurance Accounts in an Offer in Compromise

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The IRS Quick Sale Value multiplier on most assets is 80%.  In other words, the Service will value a $100,000 home at $80,000 for Offer in Compromise purposes.  But, 80% isn't used for all assets.  And, some assets have exclusion amounts that will be subtracted from the Quick Sale Value.

Retirement Accounts are valued at 70% by the IRS for Offer in Compromise purposes while the current cash value is used for Whole Life Insurance accounts.

If you owe the IRS back taxes and want to know more about the Offer in Compromise program, call Fresh Start Tax Relief at 866-937-5079.  We can guide you through the IRS collection gauntlet.

Categories: Offer in Compromise
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