Get Form 656-l (rev. 1-2018). Offer In Compromise (doubt As To Liability)

Filling out the Form 656-L is a crucial step for individuals seeking to settle their tax liabilities with the IRS under the Offer In Compromise program based on doubt as to liability. This guide will provide you with clear, step-by-step instructions to ensure that your application is completed accurately and effectively.

Follow the steps to complete your Form 656-L online.

1. Click ‘Get Form’ button to obtain the form and open it in the editing tool of your choice.
2. Fill out Section 1 (Individual Information), providing your details such as your name, Social Security Number, and address. If filing jointly, include your partner's details as well.
3. In Section 2 (Business Information), if applicable, enter the business name, physical address, and Employer Identification Number.
4. Specify the tax periods associated with your offer in Section 1 or Section 2, based on your type of tax filing (i.e., individual or business).
5. In Section 3 (Amount of the Offer), indicate the amount you are offering to pay, making sure this amount is $1 or more and to be paid within 90 days of acceptance by the IRS.
6. Review and acknowledge the terms in Section 4. Ensure you understand the implications of your offer and the conditions outlined.
7. In Section 5 (Explanation of Circumstances), provide a detailed description of why you believe your tax liability is incorrect, along with any necessary documentation.
8. Sign and date the form in Section 6. If applicable, your partner should also sign.
9. If someone else prepared your application, complete Section 7 with their information.
10. Finally, review your completed form and ensure all sections are filled accurately. Send your application to the address provided for the IRS COIC Unit.

Complete your Form 656-L online and submit your Offer In Compromise today.