Form BOE-490 Fillable Offer-In-Compromise Application
(all forms fillable on Windows, Mac, Android tablets, and iPad using Adobe Reader XI)

1 Cash 13 Aircraft Watercraft (please list CF No or Hull ID No ) 16 Partnership Interests 17 Other Assets (include description) 18 Other Assets 20 Other Assets BOE 490 (S2F) REV 1 (1 06) STATE OF CALIFORNIA PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) C) SECTION 3 OFFER AMOUNT STATE OF CALIFORNIA taxpayers ) that do not have and will not have in the foreseeable future the income The amount of equity in the taxpayer s assets The potential for changed circumstances The taxpayer s ability to pay The taxpayer s present and future expenses The taxpayer s present and future income You are no longer associated with the business that incurred the liability to which You have fully completed the Offer in Compromise Application and provided all ( Auto Insurance amount text) ( Auto Payments amount text) ( Court Ordered Payments (alimony child support restitution) amount text) ( Credit Card Payments (total monthly minimum) from section 6 amount text) ( DATE OF BIRTH) ( Delinquent Tax (non BOE) amount text) ( Electric: ( ) text) ( Estimated Tax Payments (if not deducted from your paycheck) amount text) ( Gas: ( ) text) ( Gasoline amount text) ( Gasoline Number of Miles to Work: ( ) text) ( Groceries number of people: ( ) text) ( Home Insurance: ( ) text) ( Life/Health Insurance (if not deducted from your paycheck) amount text) ( NET DIFFERENCE (TOTAL INCOME LESS EXPENSES text) ( Other Expenses (include description text) ( Real Estate Taxes amount text) ( Rent/Mortgage amount text) ( Trash: ( ) text) ( Utilities amount text) (: biweekly) Unchecked (: monthly) Unchecked (: No) Unchecked (: No) Unchecked (: No) Unchecked (: partner) Unchecked (: semimonthly) Unchecked (: sole proprietor) Unchecked (: wage earner) Unchecked (: weekly) Unchecked (: Yes) Unchecked (: Yes) Unchecked (: Yes) Unchecked (10 Notes text) (11 Accounts Receivable text) (12 Judgments/Settlements Receivable text) (13 Aircraft Watercraft (please list CF No or Hull ID No ) text) (14 Interest in Trusts text) (15 Interest in Estates text) (16 Partnership Interests text) (17 Other Assets (include description) text) (18 Other Assets text) (19 Other Assets text) (20 Other Assets) (21 Sum Total of Assets (Immediate Equity and Other) text) (22 lines of credit amount owed from section 6 text) (23 taxes owed to IRS provide a copy of recent notices text) (24 other liabilities include description) (25 other liabilities text) (26 other liabilities text) (27 other liabilities text) (56 Medicl Payments (not covered by insurance) amount text) (A) PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) text) (ALL OTHER NAMES OR ALIASES EVER USED BY YOUR SPOUSE/REGISTERED DOMESTIC PARTNER) (ALL OTHER NAMES OR ALIASES EVER USED) (amount owed to the board of equalization text field) (applicant (please print) ) (area code) (Area Code) (assets held in a living trust from section 6 text) (Association Fees: ( ) text) (Attach additional pages as needed ) (B) PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) text) (Bank Accounts/Balance from section 6 text) (BOE 392 Power of Attorney may be used ) (boe account number(s) text field) (BUSINESS PHONE NUMBER ( )) (Cash text) (CLEAR) CLEAR (co applicant (please print)) (continued) (Current Address (street city state zip code)) (DATE OF BIRTH) (DATE) (DESCRIBE THE SOURCE(S) OF THE OFFERED FUNDS (If the offered funds are from a loan please describe how you intend to repay the loan )) (electric phone amount text) (Garnishments (if not deducted from your paycheck) amount text) (gas water amount text) (Groceries number of people amount text) (home insurance association fees amount text) (HOW IS TITLE HELD text) (HOW IS TITLE HELD text) (how long employed) (If applicable please include a copy of IRS FTB or EDD OIC and acceptance letter or other (If yes is checked please provide dates and explanation and documentation for last three years text) (If yes is checked please provide dates and explanation and documentation for last three years text) (If yes is checked please provide dates and explanation and documentation for last three years text) (Include a copy of the deed and list quit claims within the last five years Attach additional (Include IRA and retirement plans certificates of deposit etc Attach additional pages as (Lender's Name) (loan/cash surrender value of life insurance from section 6 text) (month(s)) (MORTGAGE LENDER S NAME AND ADDRESS text) (MORTGAGE LENDER S NAME AND ADDRESS) (NAME (first mdde initial last)) (NUMBER OF EXEMPTIONS CLAIMED ON FORM W 4 OR DE 4) (occupation) (Other Expenses amount text) (PARCEL NUMBER text) (PARCEL NUMBER text) (period(s) of liability text field) (PHONE NUMBER ( )) (phone number) (Phone: ( ) text) (PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) text) (Please include all lease agreements including property where you are the lessor or lessee ) (Please list all vehicles registered in your your spouse s or your registered domestic partner s name (Please pro rate expenses if household expenses are shared and if income is not provided in items 28 43 ) (Previous Address (if at current address less than two years)) (PRINT) PRINT (PURCHASE DATE text) (PURCHASE DATE text) (PURCHASE PRICE $ text) (PURCHASE PRICE $ text) (securities from section 6 text) (Sewer: ( ) text) (SOCIAL SECURITY NUMBER ) (SOCIAL SECURITY NUMBER) (SPOUSE S/REGISTERED DOMESTIC PARTNER S DRIVER LICENSE NUMBER) (SPOUSE/REGISTERED DOMESTIC PARTNER (first middle initial last)) (STATE) (Stocks bonds mutual funds money market funds securities securities held in a trust etc Attach (STREET ADDRESS (city state zip code)) (TAXPAYER S DRIVER LICENSE NUMBER) (Taxpayer's Employer or business (name and addess)) (Telephone Number) (text) (text) (The following facts and reasons are submitted as grounds for consideration and acceptance of this offer (Attach additional pages as needed )) (the sum of $ text field) (TOTAL AMOUNT OF THE LOAN $) (TOTAL HOUSEHOLD EXPENSES text) (TOTAL HOUSEHOLD INCOME text) (total immediate assets text) (total liabilities text) (TOTAL OTHER ASSETS text) (trash sewer amount text) (vehicles/available equity from section 6 text) (Water : ( ) text) (year(s)) ) Association Fees: ( 10 Notes 11 Accounts Receivable 12 Judgments/Settlements Receivable 14 Interest in Trusts 15 Interest in Estates 19 Other Assets 2 Bank Accounts/Balance (from section 6) 21 Sum Total of Assets (Immediate Equity and Other) >> 22 Lines of Credit [amount owed] (from section 6) 23 Taxes Owed to IRS (provide a copy of recent notices) 24 Other Liabilities (include description) 25 Other Liabilities 26 Other Liabilities 27 Other Liabilities 28 Wages/Salaries (Taxpayer) wages/salaries taxpayer Gross Text 29 Pension (Taxpayer) pension taxpayer Gross Text 3 Vehicles/Available Equity (from section 6) 30 Overtime/Bonuses/Commissions (Taxpayer) overtime/bonuses/commissions taxpayer Gross Text 31 Wages/Salaries (Spouse/Reg Domestic Partner) wages/salaries spouse/registered domestic partner Gross Text 32 Pension (Spouse/Reg Domestic Partner) pension spouse/registered domestic partner Gross Text 33 Overtime/Bonuses/Commissions (Spouse/Reg 34 Business Income (Taxpayer or Spouse/Reg 35 Rental Incomerental income Gross Text 36 Interest/Dividends/Royalties (Average Monthly) interest/dividends/royalties average monthly Gross Text 37 Payments from Trusts/Partnerships/Entities payments from trusts/partnerships/entities Gross Text 38 Child Support child support Gross Text 39 Alimony Alimony Gross Text 4 Loan/Cash Surrender Value of Life Insurance (from section 6) 40 Unemployment unemployment Gross Text 41 Disability disability Gross Text 42 Other Income (include description) other income include description Gross Text 43 Other Income other income Gross Text 44 Rent/Mortgage 45 Real Estate Taxes 46 Home Insurance: ( 47 Groceries number of people: ( ) 48 Utilities 49 Electric: ( ) 5 Securities (from section 6) 50 Gas: ( ) 51 Trash: ( ) 52 Auto Payments 53 Auto Insurance 54 Gasoline Number of Miles to Work: ( ) 55 Life/Health Insurance (if not deducted from your paycheck) 56 Medical Payments (not covered by insurance) 57 Estimated Tax Payments (if not deducted from your paycheck) 58 Court Ordered Payments (alimony child support restitution) 59 Garnishments (if not deducted from your paycheck) 6 Assets Held in a Living Trust (from section 6) 60 Delinquent Tax (non BOE) 61 Credit Card Payments (total monthly minimum) from section 6 62 Other Expenses (include description) 63 Other Expenses 64 NET DIFFERENCE (TOTAL INCOME LESS EXPENSES) A Generally an Offer in Compromise will be accepted when the amount offered is more than the Board can A Question A) PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) ability to make monthly payments that will exceed the amount offered we will work with you to establish an account and to determine the most appropriate resolution For example if we determine that you have the Account Number Account Number Text Account Number Text Account Number Text Additional documentation may be required and requested as the evaluation of the Offer in Compromise proceeds additional pages as needed ) Address or Location Address or Location Text Address or Location Text Address Text Address Text Address Text Agent's Name Agent's Name Text agreement? Alimony Net Text ALL OTHER NAMES OR ALIASES EVER USED ALL OTHER NAMES OR ALIASES EVER USED BY YOUR SPOUSE/REGISTERED DOMESTIC PARTNER Although each case is evaluated based on its own unique set of facts and Amount amount compared to the total liability are taken into consideration when evaluating your Offer in Compromise Question amount if your offer is denied Amount Owed Amount Owed Text Amount Owed Text Amount Owed Text AMOUNTOWED TO THE BOARDOF EQUALIZATION an I get relief from the tax liability by filing bankruptcy? an I make installment payments on the offered amount? and credits made to the account for the periods covered by this offer In addition prior to the offer being accepted and fraud penalty is required for processing However if you have been convicted of Answer ANTICIPATED INCREASE IN INCOME any accounts that have been closed within the last two years ) APPLICANT (please prnt)i APPLICANT (signature) Application apply the deposit The case will be returned to the district with a recommendation for case handling Are collections Are you an OIC assets or means to pay their tax liabilities This program allows a taxpayer to offer a at a Board meeting Recommendations to accept offers for all other tax and fee programs are handled by the Attach additional pages as needed ) Attorney General s Office (there are fees associated with the legal filing of the offer and you may be contacted for Available Equity Available Equity Text Available Equity Text B) PHYSICAL ADDRESS AND DESCRIPTION (single family dwelling multi family dwelling lot etc ) Balance Balance Text Balance Text Balance Text BANK ACCOUNTS Bank Information Bank statements for savings and checking accounts for the last six months (If you are self BANKRUPTCIES/RECEIVERSHIPS bankruptcy documents be returned as incomplete Please submit copies only We will not return any documents that you send us BENEFICIARY OF TRUST ESTATE PROFIT SHARING ETC Billing statements for the last three months (Please include copies of charge card statements bills Biweekly Board compliance representative Board of Equalization BOARD OF EQUALIZATION Board of Equalization Seal BOE 490 (S1B) REV 1 (1 06) BOE 490 (S1F) REV 1 (1 06) STATE OF CALIFORNIA BOE 490 (S2B) REV 1 (1 06) BOE 490 (S3B) REV 1 (1 06) BOE 490 (S3F) REV 1 (1 06) BOE 490 (S4B) REV 1 (1 06) BOE 490 (S4F) REV 1 (1 06) BOE 490 REV 1 (1 06) BOE ACCOUNT NUMBER(S) Brokerage Name Brokerage Name Text business income taxpayer or spouse registered domestic partner Net Text business or a similar business A taxpayer wishing to compromise a liability BUSINESS PHONE NUMBER Can prior payments be applied to the offered amount? Can we process candidate? CHARGE CARDS AND LINES OF CREDIT Check List of Required Items (Check only those boxes that apply ) child support Net Text circumstances we give the following factors strong consideration: CO APPLICANT (please print) CO APPLICANT (signature) Collection action will usually be suspended until the Offer in Compromise evaluation is complete Complete copies of Internal Revenue Service (IRS) or Franchise Tax Board (FTB) returns for the completed application along with the required documentation completed However if delaying collection activity jeopardizes our ability to collect the compliance with all agreements The Board may continue collection activities at its discretion Compromise on an active permit or for a taxpayer who is involved in the same compromised until all obligations of each taxpayer under the compromise agreement are completely performed In COURT PROCEEDINGS criteria: CURRENT ADDRESS (street city state zip code) Current Lease or Rental Agreements CURRENT LIABILITIES (Include judgments notes and other charge accounts Do NOT include vehicle or home loans ) Current Market Value Current Market Value Text Current Market Value Text Current Market Value Text Current Market Value Text Current Payoff Current Payoff Text Current Payoff Text Current Value Current Value Text DATE OF BIRTH Date of Birth Text Date of Birth Text Date Opened Date Opened Text Date Opened Text Date Opened Text DEPENDENT (Attach additional pages as needed ) Dependent's Name Text Dependent's Name Text deposits If a third party has posted the deposited amount staff must get written permission from the third party to DESCRIBE THE SOURCE(S) OF THE OFFERED FUNDS (If the offered funds are from a loan please describe how you intend to repay the loan ) Description Year Make Model of Vehicle or Property Address Description Year Make Model of Vehicle or Property Address Text Director for a decision Recommendations to accept offers where the compromise is more than $7 500 in tax will be disability Net Text documents included with this offer and to the best of my knowledge and belief they are true correct and Domestic Partner) business income taxpayer or spouse registered domestic partner Gross Text Domestic Partner) overtime/bonuses/commissions spouse/registered domestic partner Gross Text employed (Please include total household income ) employed provide bank statements for the last twelve months Please include bank statements for Equity Equity Text Equity Text Except for any amount deposited in connection with this offer it is agreed that the Board will retain all payments existing installment payment agreement while your offer is being considered The Board expect to collect within a reasonable period of time typically from five to seven years Question EXPENSES explanation and documentation Documentation should cover the last three years Face Amount Face Amount Text felony tax evasion an offer will not be considered formally considered The funds will be held in the form of a deposit and will be refunded forwarded to the Legal Department Executive Director and to the Board Members for a decision to be determined from other creditors and personal loan statements ) Generally if we accept your offer for processing we will have a decision to you within 180 days after receiving Generally we approve an Offer in Compromise when the amount offered represents gifted in the last five years (Please include quit claim deed transfers and property held in trust If a HOW IS TITLE HELD HOW IS TITLE HELD HOW LONG EMPLOYED If a designated representative submits this offer attach the appropriate power of attorney (POA) form If any or all of the amount being offered is from a loan please provide the following information: If my Offer in Compromise is rejected can I choose to apply the deposit to my liability? If this Offer in Compromise is denied the Board is to: If we reject or deny the offer we will refund any deposit already obtained or apply it to the liability at the request of If you are self employed and are involved in the same or a similar business as the one that incurred this liability If you have been assessed a fraud penalty a minimum offer of the outstanding tax If you have questions other than those addressed on the last page of this booklet please contact your ill collection action be suspended while my offer is being evaluated? ill state tax liens be released if my Offer in Compromise is accepted? IMMEDIATE ASSETS INCOME Gross Information should be typed or printed installment installment payment agreement that will allow you to pay the liability in full over time Question interest/dividends/royalties average monthly Net Text Investment account statements showing the value of stocks bonds mutual funds and/or retirement Investment Information IRS/FTB Information IRS/FTB/EDD arrangements ) is offered in compromise (The Board will instruct you when to mail the It is further agreed that upon notice to the taxpayer(s) of the acceptance of the offer the taxpayer(s) shall have no It is understood that this offer will be considered and acted upon as quickly as possible It does not relieve the Legal Documents LENDER S NAME Lender/Pink Slip Holder Lender/Pink Slip Holder Text Lender/Pink Slip Holder Text lesser amount for payment of a non disputed final tax liability on a closed out LICENSE NUMBER Purchase Price LIFE INSURANCE List any vehicles equipment or property sold given away or repossessed during the past three years Loan/Cash Surrender Value Loan/Cash Surrender Value Text Marital settlement agreements divorce decrees marital property settlements trust documents and Medical Documentation Min Monthly Payment Min Monthly Payment Text Min Monthly Payment Text Min Monthly Payment Text MONTH(S) Monthly MORTGAGE LENDER S NAME AND ADDRESS MORTGAGE LENDER S NAME AND ADDRESS Mortgage Payoff Amount Mortgage Payoff Amount Text Mortgage statements and escrow statements for property you currently own or property you sold or NAME (first middle initial last) Name and Address of Creditor Grantor Name and Address of Creditor Grantor Text Name and Address of Creditor Grantor Text Name and Address of Creditor Grantor Text NAME OF INSTITUTION ADDRESS Type Name of Institution Text Name of Institution Text Name of Institution Text Name of Insurance Company Name of Insurance Company Text needed ) No Prior payments are not accepted towards the offered amount However prior payments and the offered No We require full payment of the offered amount before we will forward the Offer in Compromise for finalconsideration Question No Your Board offer will be evaluated separately from your IRS or FTB offer and generally if the amount of Note: Complete all blocks NUMBER OF EXEMPTIONS CLAIMED ON FORM W 4 OR DE 4 o I need to have someone represent me? OCCUPATION offer amount Do not send money now ) Offer In Compromise OFFER IN COMPROMISE APPLICATION BOARD OF EQUALIZATION offered funds be or profit sharing plans (IRA 401K Keogh Annuity) original liability OTHER ASSETS (Please include names and addresses A separate listing may be attached if necessary ) other income include description Net Text other income Net Text our ability to collect the tax we may continue with collection efforts overtime/bonuses/commissions spouse/registered domestic partner Net Text overtime/bonuses/commissions taxpayer Net Text Owner of Record Owner of Record Text pages as needed ) PARCEL NUMBER PARCEL NUMBER Part or all of your taxes may be dischargeable under the bankruptcy code If this is a consideration you may Partner past three years Pay stubs for the past three months or financial statements for the past two years if you are self payment payments from trusts/partnerships/entities Net Text payments if you are currently in an Installment Payment Agreement If delaying collection activity jeopardizes payments on an pension spouse/registered domestic partner Net Text pension taxpayer Net Text PERIOD(S) OF LIABILITY permit that person s liability will not be canceled nor will the lien be released A partial release will be issued permit The Board of Equalization (Board) will not entertain an Offer in PHONE NUMBER Phone: ( ) Physician s letter and/or other documents to show any medical condition that should be considered Please complete all blocks except shaded areas Write N/A (Not Applicable) in those blocks that do not apply please discontinue completing the application because you do not qualify for the OIC Program Please provide documentation and verification of income and expenses listed above Please provide other information relating to your financial condition If yes" is checked please provide dates Please read the required Privacy Notice (BOE 324 OIC) Policy Number Policy Number Text Power of Attorney (If you have representation) PREVIOUS ADDRESS (if at current address less than two years) PROCESSING ACCEPTED OFFERS PROCESSING DENIED OFFERS PURCHASE DATE PURCHASE DATE PURCHASE PRICE PURCHASE PRICE Purchase Price Text Purchase Price Text Q Answer Q Answer Q Answer Q Answer Q Answer Q How long will it take to get a decision on my OIC? Q What does the Board of Equalization consider a fair Offer in Compromise in relation to the amount Quantity or Denomination Quantity or Denomination Text Questions and Answers Question REAL PROPERTY REAL PROPERTY (from section 6) Real Property Information RECENT TRANSFER OF ASSETS Recommendations to accept offers for sales and use taxes underground storage fuel tax and use fuel tax where RELATIONSHIP TEXT RELATIONSHIP TEXT rental income Net Text REPOSSESSIONS Representation is not required Offer in Compromise is available to all taxpayers whether or not they are represented If you think you need representation there are many tax professionals who have experience withthe OIC process Question Retain any amount deposited and credit it to the current tax liability Return the amount deposited right to contest in court or otherwise the amount of the liability sought to be compromised No liability will be SECTION 1 BASIS FOR THE OFFER SECTION 2 SOURCE OF FUNDS SECTION 4 PERSONAL INFORMATION SECTION 5 EMPLOYMENT INFORMATION SECTION 6 GENERAL FINANCIAL INFORMATION SECTION 7 ASSET AND LIABILITY ANALYSIS SECTION 8 MONTHLY INCOME AND EXPENSE ANALYSIS SECURITIES Semimonthly Sewer: ( ) SOCIAL SECURITY NUMBER SOCIAL SECURITY NUMBER TEXT SOCIAL SECURITY NUMBER TEXT Sole proprietor SPOUSE S/REGISTERED DOMESTIC PARTNER S DRIVER LICENSE NUMBER SPOUSE S/REGISTERED DOMESTIC PARTNER S EMPLOYER OR BUSINESS (name or address) SPOUSE/REGISTERED DOMESTIC PARTNER (first middle initial last) STATE State of California STREET ADDRESS (city state zip code) Submit your completed and signed application to your designated Board compliance representative submitted? supporting documentation suspended? tax we may continue with collection efforts TAXPAYER S DRIVER LICENSE NUMBER TAXPAYER S EMPLOYER OR BUSINESS (name and address) taxpayer(s) of the liability sought to be compromised until the Board accepts the offer and there has been full the Board determines that my Offer in Compromise is not acceptable will I be contacted? the Board will retain any and all amounts to which the taxpayer(s) may be entitled under the California law due the compromise is less than $7 500 in tax will be forwarded to the Board s Legal Division and the Executive the event of a default by the taxpayer(s) on the agreement it is agreed that the Board may disregard the amount of The following documentation must be submitted with your Offer in Compromise Application or your application may The following facts and reasons are submitted as grounds for consideration and acceptance of this offer (Attach the most we can expect to receive from the taxpayer s current income or assets the offer and retain all amounts previously deposited under the offer and proceed to collect the balance of the the offer applies This includes operating the same type or similar business The Offer in Compromise (OIC) program is for taxpayers/feepayers (hereinafter called the offer represents the most that we can expect to collect within a reasonable period of time we will accept The OIC Section will request that the offered funds be submitted at the time your offer is The sum of $ the tax that could result in an additional tax or fee assessment the taxpayer with an effective date as the date the funds were received No interest will be granted on returned There is no formal appeal process for rejected or denied offers in compromise these fees) through overpayments of tax penalty or interest not to exceed the liability through the OIC process must no longer own the personal property that incurred to release you from the effects of the lien Question to you if your offer is denied Credit interest will not be paid to you on the deposited Total Total [Enter this amount on line 22 section 7 (Asset and Liability Analysis)]>> Total [Enter this amount on line 4 section 7 (Asset and Liability Analysis)]>> Total [enter this amount on line 5 section 7 (Asset and Liability Analysis)]>> Total [Entr this amount on line 3 section 7 (Asset and Liability Analysis)]>> TOTAL AMOUNT OF THE LOAN TOTAL EQUITY >> total equity text TOTAL HOUSEHOLD EXPENSES >> TOTAL HOUSEHOLD INCOME >> TOTAL IMMEDIATE ASSETS >> TOTAL LIABILITIES >> TOTAL OTHER ASSETS >> Total Text trust exists please provide a copy of all trust documents ) Type of Account Type of Account Text Type of Account Text Type of Account Text Type Text Type Text Type Text Type Text Type Text Under penalty of perjury I declare that I have examined the information given in this statement and all other unemployment Net Text Usually if we are in receipt of a relatively complete application You may also be required to continue Value Value Text VEHICLES Verification of Expenses Verification of Income Wage earner wages/salaries spouse/registered domestic partnerNet Text wages/salaries taxpayer net Text want to seek legal advice Question was posted by a third party we must obtain their approval before applying the payment Question Water : ( ) We release state tax liens upon final approval of your Offer in Compromise If another partner existed on the We will only process your Offer in Compromise Application if you meet the following Weekly What you should know before preparing an Offer in Compromise Application When should Who Took Title or Possession Who Took Title or Possession Text will strive to process your offer and provide a decision within 180 days of receiving a Will we require y IRS/FTB OIC has been accepted Will the Board automatically approve my Offer in Compromise? YEAR MAKE MODEL Year Make Model License Number Text Year Make Model License Number Text YEAR(S) Yes A letter informing you of our discussion will be sent to you We may also contact you to discuss your Yes If you choose to do so the effective date of the payment is the date the deposit was made If the deposit Yes we will require you to continue making periodic payments as called for in any you to continue your application? your Offer in Compromise If your account is more complex it may take longer than 180 days Answer your Offer in Compromise question