Get Mo-656, Offer In Compromise

The MO-656, Offer In Compromise, is a key document that allows users to propose a settlement with the Missouri Department of Revenue regarding their tax liabilities. This guide provides clear, step-by-step instructions to assist users in completing this form online effectively.

Follow the steps to successfully submit your Offer In Compromise.

1. Click the ‘Get Form’ button to access the MO-656 form and open it in your preferred editor for online completion.
2. In Step 1, enter the taxpayer's name and address information clearly. Ensure to include all relevant details such as last name, first name, middle initial, social security number or Missouri tax ID number, spouse's information if applicable, and any relevant tax types and periods.
3. In Step 2, check the box that corresponds to the reason you are submitting the offer. Be prepared to provide additional information as required, such as a detailed explanation for invoking 'Doubt as to Liability' or a Collection Information Statement for 'Doubt as to Collectibility'.
4. Proceed to Step 3 to acknowledge the terms and conditions associated with your offer. Read through each condition carefully to ensure compliance and understanding.
5. In Step 4, specify the amount you are offering to pay. Choose the appropriate payment option, indicating whether it is a cash offer or a deferred payment offer and fill in all required details.
6. Use Step 5 to elaborate on the circumstances that warrant your Offer In Compromise. Provide a detailed description of your situation, and attach additional sheets if necessary.
7. In Step 6, indicate the source of funds that will be used to make the offer, ensuring to provide sufficient detail about the origin of these funds.
8. Finally, in Step 7, each taxpayer must sign and date the form, confirming the accuracy and truthfulness of the information provided. Ensure all required signatures are obtained.
9. Once completed, finalize your document by saving any changes, downloading the form, and preparing to submit it as instructed.

Start filing your MO-656, Offer In Compromise online today to take the first step toward resolving your tax issues.