An offer in compromise may seem like the “obvious” choice but this is not always the case. Assuming the client qualifies for an offer there are still other questions that must be answered before deciding to proceed. One is “Does the prize justify the price?” Offers are expensive to prepare when compared to the costs of preparing an installment agreement. If the taxpayer is nearing the end of the collection statute, it may make more sense to enter them into Currently Non Collectable (“CNC”) status, a low dollar installment agreement or a partial pay installment agreement in lieu of an offer.