To be eligible for an Offer in Compromise, you must meet one of the following requirements, according to the Internal Revenue Code [Section 7122](https://www.law.cornell.edu/uscode/text/26/7122): (1) There is doubt as to liability (you don’t believe you owe the tax), (2) There is doubt as to collectibility (you don’t have the income or assets to fully pay the amount owed), or (3) There is a valid special circumstance requiring an OIC for effective tax administration. Additionally, you must have filed all required tax returns and made all required estimated tax payments for the current year. The IRS will consider your unique set of facts and circumstances in evaluating your OIC eligibility.