Important Announcement

LDR’s New Orleans Regional Office is now located at the OMV building, 100 Veterans Blvd · Walk-ins Mon–Fri, 8 AM–4 PM · No appointment needed Get more info

Is the Offer in Compromise process different for businesses and individuals?

No. LDR uses the same Offer in Compromise program for both business and individual taxpayers. The eligibility requirements, review process, statutory application fee, and required 20% initial payment are the same.

The primary difference is the financial information submitted with the application:

  • Individual taxpayers complete the Statement of Financial Condition for Individuals (Form R-20223).

  • Business taxpayers complete the Statement of Financial Condition for Businesses (Form R-20222).

The Offer in Compromise Program Booklet includes the forms and instructions for both taxpayer types.