Completing Form 656 – Offer in Compromise

Offer in Compromise

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

www.irsvideos.gov/Individual/…/CompletingForm656

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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About The Author

TK Bradley

tk bradley is a tax relief expert with many years of dealing with the irs and helping taxpayers to understand their rights and to settle their tax debt problems.