The program is available to taxpayers with outstanding tax debts of $50,000 or less, but that’s just the starting point. You must have filed all required tax returns and be current with estimated payments if you’re self-employed. To qualify, you must owe $60,000 or less, be current on tax filings, and prove financial hardship.The IRS looks at your ability to pay based on income, expenses, and assets. If you can liquidate assets or take a loan to pay your full debt, you won’t qualify for an Offer in Compromise. However, installment agreements have more flexible requirements. We analyze your complete financial picture during consultation to determine which Fresh Start options match your situation.