The documentation we request with your application helps us look at your current financial position and allow us to decide if a compromise is the best way to resolve the debt.
Verification of Income
We review all income to determine funds you have available to pay expenses and debts. You must show all household income, including members of the household who may not be liable for the tax debt.
Complete copies of the most recent statements from all other sources of income such as:
- Pay stubs
- Pensions
- Current profit and loss statements if you are self-employed or an active business
We will accept recent W2 or 1099’s if you cannot obtain pay stubs from your employer.
Verification of Assets
We review all assets you own to determine if you can liquidate any of them to pay your debt. We require complete copies of statements for assets such as:
- Bank and investment account statements
- Recent appraisals or property tax bills
- Recent appraisals of vehicles or business equipment
- Notes receivable
Verification of Expenses
To justify your expenses, we need to see complete copies of three months of the most recent statements for all expenses claimed. They should show which member of your household pays each expense. Expenses include:
- Statements from lenders showing payments, balances, and recent activity
- Utility bills
- Insurance bills
- Delinquent federal, state agency, or local tax liabilities
Other Documentation
You may need to provide additional documents to support your request, or allow us to speak to someone helping you:
- A Power of Attorney form if you would like another person, such as an attorney or CPA, to represent you, if you do not have one on file
- Physicians letters for any medical conditions we should consider
We may ask for more documents we believe are necessary. We may verify any information you provide through our records or third-party contacts.
