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Question

Does OIC have any other options other than the 24 month payment plan?

Forum|Forum|1 year ago
April 7, 2025
1 reply
0 views

Does the OIC offer any other payment plans, other than the 24month payment plan..?

Tax Advice

the instructions for Form 656 state:

Periodic Payment: This option requires you to make the first payment with the
offer and the remaining balance paid in monthly payments within 6 to 24 months,
in accordance with your proposed offer terms.

There doesn't seem to be any other option except 24 months. But are you needing an Offer in Compromise OR an installment agreement? An IA can go out 72 months. that is a Form 9465

No, all Offers in Compromise must be 24 months or less, but as @CSKcpa56 said, there are more options available. See Payment plans; installment agreements.