Does Home Equity Prevent an Offer in Compromise From Being Successful?

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If you have equity in your home, you may be wondering if having this equity will prevent an offer in compromise from being successful. The answer is more complicated than you may think, and I answer it in this video, including an example of how two different taxpayers may BOTH have $100,000 of tax debt and may BOTH have $200,000 of equity in their home but only ONE of them would qualify for an offer in compromise.
Table of Contents:
0:00 Does Home Equity Prevent an Offer in Compromise From Being Successful?
1:31 You Can Have $200,000 in Home Equity and Still Qualify for an Offer in Compromise on $100,000 of Tax Debt
4:34 The Effect of Home Equity on a Partial Payment Installment Agreement (PPIA)
#offerincompromise #taxdebt #taxrelief

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