With all the talk about offers, here are the payment options taken from the irs. gov site. It lays out the clear talk about the program. It is not rewritten, it is straight  from the horse’s mouth.
Offer in Compromise Payment Options
OIC Payment Option
Terms 1, 2
$150 Application Fee Required?
Collection Information Statement (Form 433-A and/or Form 433-B) Required?
Calculating Your Offer Amount
Lump Sum Cash
Must pay 20% of the offered amount when Form 656 is submitted, with the balance to be paid in five or fewer installments from the notice of acceptance.
Yes, unless Form 656-A is completed or Doubt as to Liability OIC is submitted.
Yes, with the exception of Doubt as to Liability offers.
If the offer will be paid in 5 or fewer installments in 5 months or less: Use the realizable value of assets + the amount that could be collected over 48 months of payments or the time remaining on the ten-year statutory period for collection, whichever is less.
If the offer will be paid in 5 or fewer installments in more than 5 months and within 24 months :
Use the realizable value of assets + the amount that could be collected over 60 months of payments, or the time remaining on the ten -year statutory period for collection, whichever is less.
If the offer will be paid in 5 or fewer installments in more than 24 months: Use the realizable value of assets + the amount that could be collected over the time remaining on the statute.
Short Term Periodic Payment
Must include an initial payment with the offer and regular payments must continue while the offer is being investigated. Offer must be paid in full within 24 months from the date the IRS receives the offer.
Yes, unless Form 656-A is completed or Doubt as to Liability OIC is submitted.
Yes, with the exception of Doubt as to Liability offers.
Offer must include the realizable value of assets plus any amount that could be collected over 60 months of payments or the remaining number of months on the ten-year statutory period of collection, whichever is less.
Deferred Periodic Payment
Must include initial offer payment and regular payments must continue while the offer is being investigated. Offer must be paid in full in 25 or more months but within the time remaining on the statutory period for collection.
Yes, unless Form 656-A is completed or Doubt as to Liability OIC is submitted.
Yes, with the exception of Doubt as to Liability offers.
Offer must include the realizable value of assets plus the amount that could be collected through monthly payments during the remaining life of the ten-year statutory period for collection.