Get Md Fillable Form Offer In Compromise

Filling out the Md Fillable Form Offer In Compromise can seem daunting, but this guide will walk you through each section with clear instructions. By following these steps, you can effectively complete the form online and submit it with confidence.

Follow the steps to successfully complete your Offer In Compromise application.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the applicant's full name, street address, social security number, FEI number (if applicable), and daytime phone number in Item 1. If the liability is owed by more than one person or business, include them as well.
3. In Item 2, provide a mailing address if it differs from the street address.
4. For Item 3, mark the box that identifies the applicant's legal structure: Individual, Partnership, Trust/Estate, Proprietorship, Corporation, or Corporate Officer.
5. In Item 4, enter the total amount you are offering to pay. Then select your preferred payment method by marking the appropriate box.
6. In Item 5, indicate how any payment made with the offer should be distributed in case the offer is declined or withdrawn.
7. For Item 6, mark the tax type(s) involved and provide the necessary account number and periods for which the offer is made.
8. In Item 7, select 'Doubt as to Collectability' to explain your reason for submitting the offer.
9. In Item 8, specify if any part of the offer amount comes from a loan or gift, including the lender or donor's name.
10. For Item 10, include a detailed statement explaining the reason for your offer. You may attach supporting documents.
11. If represented by an attorney or agent, complete Item 11 with their contact information, and attach the Power of Attorney form if necessary.
12. In Item 12, review the Terms and Conditions of the offer, ensure everyone involved signs and dates the application.
13. Finally, in Item 13, decide whether to allow information exchange between the Department and the IRS about the offer, providing required signatures and dates.
14. After completing the form, review it for accuracy. Save changes, download the file, print it, or share the completed form as needed.

Start filling out your Offer In Compromise application online today to take the first step toward resolving your tax liability.