subscribe to RSS feeds

Tax Relief Blog

« back to all blogs

IRS Collection Financial Standards Update Yearly


The IRS uses the Collection Financial Standards to help calculate your ability to pay a back-tax liability.These limits on monthly living expenses play a significant role in your ability to qualify for the Offer in Compromise settlement program and your Offer amount.  The Standards are revised each year around the end of March.

Quick IRS Offer in Compromise Tip

If you’re preparing your OIC for submission toward the end of March, consider waiting a week or so before sending it to the IRS.  It may be a good idea to wait for the Collection Financial Standards to update. It could put money in your pocket.  But, don’t wait too long and get yourself into trouble.  

We hope this helps.

Contact us to find out how fix tax problems.

« back to all blogs



Name (required)
E-mail (required but not shown)


Blog Articles

Our Specialties

  • Tax Debt Resolution / Tax Relief
  • Offer in Compromise / IRS Settlement
  • IRS Penalty Abatement and Relief
  • Installment Agreement / Monthly Payment Plan
  • Tax Lien, Levy and Garnishment Removal
  • IRS Lien Subordination, Withdrawal, Discharge
  • Enrolled Agents / Tax Debt Specialists

Fresh Start Tax Relief LLC, Taxes - Consultants & Representatives, Chicago, IL

Stay In Touch

follow us on Facebook learn about us on LinkedIn follow us on Google+ follow us on Twitter review us on Yelp