Delaware Offer in Compromise: What You Need to Know
An Offer in Compromise is an agreement between you and the State Government to settle your back taxes for less than you owe.
An Offer in Compromise is strictly based on numbers; basically, your income versus your expenses and the equity in your assets.
If you can prove to the State you do not have the ability to pay back your taxes in full before the Statute of Limitations expires, then you may be eligible to file an Offer in Compromise. However, it will depend on your Reasonable Collection Potential and how much time is left before Statute of Limitations on the debt expires.
Qualifying for an Offer in Compromise
The State of Delaware no longer has an Offer in Compromise program as of January 2017. You may contact the DOR and request a Delay in Collection, or there are options to make partial payments via online at the website.
Submitting Your Offer in Compromise
Offer in Compromise program is no longer available.
Offer in Compromise Pros and Cons
Offer in Compromise program is no longer available.