What is the timetable for the Offer and what funds can I use to pay it?
As for the timetable, a lot depends on the Offer Specialist assigned to the case. Our rule of thumb is that the time needed from the initial attorney consultation through the actual payment of the Offer is approximately one year. Some successful Offers are funded by funds within control of the taxpayer (e.g. a property refinance). However, in most successful Offers, the funds are borrowed from a third party. In this fashion, the taxpayer reduces his overall debt and trades the IRS for a friendlier creditor.
