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  • Form 656 (sp) (rev. 4-2024). Offer In Compromise (spanish Version)

Get Form 656 (sp) (rev. 4-2024). Offer In Compromise (spanish Version)

ADVERTENCIA!!! El Formulario 656 (sp) adjunto no es un formulario independiente y est dirigido nicamente para el uso de los profesionales de impuestos. Los individuos que soliciten la consideracin.

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6 years - If you don't report income that you should have reported, and it's more than 25% of the gross income shown on the return, or it's attributable to foreign financial assets and is more than $5,000, the time to assess tax is 6 years from the date you filed the return.

Each Form 656 will require the $205 application fee and initial payment unless you are an individual and meet the Low-Income Certification guidelines.

If you have questions regarding qualifications for an offer in compromise, please call our toll-free number at 800-829-1040.

The IRS will often settle for what it deems you can feasibly pay. To determine this, the agency will take into account your assets (home, car, etc.), your income, your monthly expenses (rent, utilities, child care, etc.), your savings, and more.

For most people, you must complete and submit IRS Forms 656 and 433-A to apply for an OIC. (Businesses must file Form 433-B instead of Form 433-A). These forms require detailed information about your employment status (including self-employment), assets, household income and expenses, and other financial matters.

Use Form 656 when applying for an offer in compromise (OIC), which is an agreement between you and the IRS that settles your tax liabilities for less than the full amount that you owe.

Authority to Compromise Internal Revenue Form 656, Offer in Compromise, is the required form for an offer. Offers proposing to compromise any civil case in which the unpaid amount of tax assessed (including penalties and interest) is $50,000.00 or more, require the legal opinion of Counsel. IRC § 7122(b).

IRS contact information If you have questions regarding qualifications for an offer in compromise, please call our toll-free number at 1-800-829-1040. You can get forms and publications by calling 1-800-TAX-FORM (1-800-829-3676), by visiting your local IRS office, or at .irs.gov.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232