Dealing with a tax debt problem can be a nightmare. Yes it can be a lot of work but if you are diligent and put in the work there is a light at the end of the tunnel.
If you are going through the ordeal of trying to deal with your tax debt problem by your self, this is a video of how to complete an Offer in Compromise application Form.
These forms will lead you through a series of steps to help calculate an Offer in Compromise so that you can settle your IRS tax debt problem.
Completing Form 656, Offer in Compromise
These forms lead you through a series of steps to help calculate an appropriate offer based on your assets, income, expenses, and future earning potential.
By completing Form 433-A and, if applicable, Form 433-B first, you will be able to determine what is a potentially acceptable offer amount.
After you’ve completed all the financial-information statements, you’ll be ready to complete the Offer in Compromise application, Form 656.
For 656 is available online at www.IRS.gov and in the Form 656-B Offer in Compromise Booklet.
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