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Doubt as to liability exists where there is a genuine dispute as to the existence or amount of the correct tax debt under the law. If you have a legitimate doubt that you owe part or all of the tax debt, you will need to complete a Form 656-L, Offer in Compromise (Doubt as to Liability).
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship. We consider your unique set of facts and circumstances: Ability to pay.
If we accept your offer, you'll receive written confirmation. You must pay any remaining balance due on the offer in five or fewer payments. Periodic Payment: Submit your initial payment with your application. Continue to pay the remaining balance in monthly installments while the IRS considers your offer.
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.
A "lump sum cash offer" is defined as an offer payable in 5 or fewer installments within 5 or fewer months after the offer is accepted. If a taxpayer submits a lump sum cash offer, the taxpayer must include with the Form 656 a nonrefundable payment equal to 20 percent of the offer amount.
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A rarity: IRS OIC applications and acceptances for 2010-2019 In 2019, the IRS accepted 33% of all OICs. There are two main reasons that the IRS may not accept your doubt as to collectibility OIC: You don't qualify. You can't pay the calculated offer amount.
That's because the agency only forgives tax debt in situations that warrant it. With that in mind, the IRS rarely forgives an entire tax debt burden. They might do so if you really are going through a financially difficult time.
2:10 11:03 How to Complete IRS Form 656 Offer in Compromise - YouTube YouTube Start of suggested clip End of suggested clip Through 2015 or 2010 - 2015 you want to make sure to list each individual year that your offer isMoreThrough 2015 or 2010 - 2015 you want to make sure to list each individual year that your offer is going to cover if you have trust fund recovery penalty.
If you and your spouse or ex-spouse have a joint tax debt and your spouse or ex- spouse does not want to be part of the offer, you may submit a Form 656 to compromise your responsibility for the joint tax debt.
An offer in compromise is an agreement between a taxpayer and the IRS that settles a tax debt for less than the full amount owed. An offer in compromise is an option when a taxpayer can't pay their full tax liability. It is also an option when paying the entire tax bill would cause the taxpayer a financial hardship.

irs tax form 656