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The following activities are not considered in the initial offer determination and are not identified on the abatement letter: Lump-sum tax payments unless the taxpayer is able to present a bona fide offer to pay the balance due in full. Any other offer to compromise. Alternative Payment Options (APO), including, but not limited to voluntary assignments, annuity contracts, and installment sale contracts. Any request for release of assessment or collection due process determinations.

If the taxpayer has no additional assets or resources (i.e., living trust or unencumbered), an analysis should be performed to identify and value assets already being used to pay living expenses and non-tax liabilities. The analysis is conducted within the RCP Tool to determine if such assets could possibly be applied to payment of the tax liability. The analysis is conducted taking a conservative approach as to the number of assets identified that will eventually be required to be applied to the tax liability.

The analysis specifically addresses, as much as possible, functional assets such as secured real estate owned as an operating business. These assets are reviewed for properties that may be available to the taxpayer without diminishing the value of the asset. An analysis of assets exempted from inclusion in the assessment of the tax liability, such as business inventories, vehicles, pets, life insurance, or other life-related assets, is not performed.

An analysis must be done to determine if the taxpayer will be entitled to a credit or deduction from income that reduces the amount reported on the tax return. To the extent practicable, purchase and construction related expenses are not included. d2c66b5586