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Form 656 (sp) (Rev 4-2024) Offer in Compromise (Spanish Version)

Form 656 (sp) (Rev 4-2024) Offer in Compromise (Spanish Version)-2025

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El documento es una advertencia y guía sobre el uso del Formulario 656 (sp) para profesionales de impuestos que buscan presentar un ofrecimiento para transigir obligaciones tributarias con el IRS. Se detalla la información necesaria, los requisitos de presentación, las tarifas asociadas, y las condiciones bajo las cuales se puede solicitar una Certificación de Bajos Ingresos. Además, se explican los términos y condiciones del ofrecimiento, incluyendo las implicaciones legales y financieras para el contribuyente.

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What is Form 656 offer in compromise?

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.

How do I call the IRS about an offer in compromise?

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.

What does IRS consider exceptional circumstances?

Exceptional Circumstances The IRS considers the following factors to decide whether a compromise would undermine taxpayer compliance with tax laws: The taxpayers history of compliance with filing and payment obligations required by the tax code. Taxpayers deliberate tax avoidance efforts.

How much will the IRS accept for an offer in compromise?

The resulting amount is your monthly disposable income. Take that number and multiply by 12 (which is equal to one year worth of disposable income). This is the bare minimum you can offer to the IRS. They will almost never accept less than this amount.

What is the IRS form offer to compromise?

Individuals requesting consideration of an offer must use Form 656‐B, Offer in Compromise, which may be found under the Forms and Pubs tab on .irs.gov. Completed financial statements and required application fee and initial payment must be included with your Form 656.

Who qualifies for offer in compromise?

Youre eligible to apply for an offer in compromise if you: Filed all required tax returns and made all required estimated payments. Arent in an open bankruptcy proceeding. Have a valid extension for a current year return (if applying for the current year).

How much is the fee for Form 656?

Form 656(s) you must submit individual and business tax debt (Corporation/ LLC/ Partnership) on separate Forms 656. $205 application fee (non-refundable). Initial payment (non-refundable) for each Form 656.

Does an IRS offer in compromise hurt your credit?

An Offer in Compromise (OIC) does not directly impact your credit score, as the IRS does not report OICs to credit bureaus. However, the related processes, such as federal tax liens filed for unpaid taxes, can indirectly affect your credit. Tax liens, which are public records, can significantly lower your score.

Form 656 (sp) (Rev 4-2024) Offer in Compromise (Spanish Version)-2025

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