Does The SBA collect equally amongst partners?

It’s a frequently misunderstood concept which results in rejections of what might have been a reasonable and acceptable offer if done correctly.

The reality is simply this:

Every partner except husband and wives, are reviewed individually and must provide an offer in compromise based on his/her individual financial condition. Thus one partner may pay more than another in an offer in compromise. This is a frequent result. Filing a joint offer will result in a rejection. Filing the same offer will also result in a rejection unless the financial conditions are the same.

Thus, each partner must stand on his own financial condition and make the best offer possible to succeed.

Husbands and wives must file a combined offer unless here are unusual circumstances requiring separate filings.

There is much more to filing an acceptable offer than one may consider without deep experience. I highly recommend you acquire some expert assistance from someone who has filed dozens of offers with successful outcomes. Do not experiment on yourself; you will learn what does not work. What you want is what does work.

Call us for help, Call Norm at 413-584-2581. He will arrange a no obligation teleconference to discuss your situation and offer you some advice.