Get Irs 656-b (sp) 2023-2026

The IRS 656-B (SP) form is a crucial document for individuals looking to resolve their tax debts through an Offer in Compromise. This guide provides step-by-step instructions for filling out the form online, ensuring that you provide the necessary information clearly and correctly.

Follow the steps to complete your IRS 656-B (SP) form online.

1. Click 'Get Form' button to obtain the form and open it in the online editor.
2. Gather all necessary financial information such as income, expenses, assets, and liabilities. This information will support your offer and help you accurately fill out the form.
3. Complete Section 1 or Section 2 of the form depending on whether you are submitting as an individual or a business. You will need to provide identifying information as well as the specifics of your tax liabilities.
4. Fill out the Offer details including the amount you are proposing to pay, ensuring that it meets the minimum amount calculated based on your financial situation.
5. Complete the payment terms section, specifying how you plan to pay your offer, whether in a lump sum or through installment payments.
6. Attach all required documentation, including relevant financial records and forms (Form 433-A (OIC) or Form 433-B (OIC) if applicable).
7. Review the form thoroughly for accuracy and completeness. Make sure you have signed all necessary sections.
8. Submit your completed form online, ensuring to keep a copy for your records. If applicable, include the application fee and initial payment.
9. After submission, monitor your IRS correspondence for any requests for additional information and respond timely to avoid delays.

Start filling out your IRS 656-B (SP) form online now to take the first step toward resolving your tax obligations.