BECKY: Hi. My name is Becky, and I work for the IRS.

Do you have a tax bill you can´t pay?

You may qualify to settle your tax debt for less than the full amount you owe.

It´s called an Offer in Compromise, but you should know that the Offer in Compromise, or OIC, is not for everyone.

You must consider other payment options before you apply for this program.

For example, you may be able to qualify for a monthly payment plan to pay what you owe.

You can explore all of your payment options on our website, IRS.gov, by clicking on the "Payments" tab.

If, after exploring your other payment options, you decide an OIC might be right for you, you can find out whether you qualify and get a realistic estimate of what you should offer by using our online OIC Pre-Qualifier Tool.

To find our Pre-Qualifier Tool, go to IRS.gov and type "Offer" in the search box.

Review the information on our OIC page and click on the Pre-Qualifier Tool link to see if you qualify and how much you might expect to offer.

The tool will ask you four simple questions, then ask you to input some basic information about where you live, the size of your household, and your income, assets, and expenses.

None of the information asked for identifies you personally, and it´s not retained by the IRS.

If the OIC Pre-Qualifier Tool indicates that you are a good candidate for the Offer program, it will refer you to the IRS Form 656-B, Offer in Compromise Booklet.

Use the forms and instructions in the booklet to prepare and submit your offer application.

Our final decision on your offer will be based on our analysis of your facts and circumstances, including what´s in your written application.

So, please follow the instructions carefully, use the checklist to ensure you included everything you need, and don´t forget to include the application fee and the required initial payment with your application.

Thank you for watching.