August 22, 2019 If you can't pay your taxes in full or if doing so would cause you a financial hardship, consider requesting an Offer in Compromise. Submitting an offer requires a $186 fee. The IRS will waive the fee if your income is below 250% of the poverty guidelines. This is determined in one of two ways: adjusted gross income from your most recent tax return household's gross monthly income for 12 months