Does a Personal Injury settlement have to be counted as an asset in an Offer in Compromise?

• David Greene
• Comments Off on Does a Personal Injury settlement have to be counted as an asset in an Offer in Compromise?

Let’s look at the situation where, except for the settlement, you would be eligible for an Offer In Compromise based on doubt as to collectibility.  In any Offer in Compromise, the IRS will require that you count the settlement as an…