Offer in Compromise for Divorced Individuals
Divorce often leaves both parties with unexpected tax obligations. An Offer in Compromise could help you settle for less.
Check If You QualifyWhy Divorced Individuals Face Tax Problems
Divorce creates financial chaos, and taxes often get caught in the crossfire. Joint tax debt may become your sole responsibility. Support payments have tax implications. Assets divided may trigger capital gains. And while you're dealing with lawyers and life changes, estimated payments get missed.
The good news? An Offer in Compromise lets you settle your tax debt for less than you owe. The IRS looks at your Reasonable Collection Potential (RCP)—what they think they can realistically collect from you based on your income, expenses, and assets.
Common Tax Issues for Divorced Individuals
Joint Liability
Tax debt from married years may become your responsibility alone.
Asset Division Taxes
Splitting retirement accounts or selling the house can trigger surprise taxes.
Support Payment Rules
Alimony and child support have specific (and changed) tax implications.
Innocent Spouse Issues
You may be liable for your ex's tax misdeeds on joint returns.
How Offer in Compromise Works for Divorced Individuals
OIC Advantages for Divorced Individuals:
- Variable income can lower your "future income" calculation
- Business expenses reduce your disposable income
- Equipment and tools may have minimal equity value
- Economic downturns in your industry support hardship claims
- Settle for a fraction of what you owe
What You'll Need:
- All tax returns filed (we can help with this)
- Current on estimated tax payments
- Detailed income and expense documentation
- Financial records for the past 12 months
- $205 application fee + 20% of offer amount
Other Options for Divorced Individuals Tax Debt
Not sure which option is best? Compare OIC vs Installment Agreement
Ready to Resolve Your Tax Situation?
Take our free 2-minute assessment to understand your options.
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