Form 656 2015-2025

Show details

4 out of 5

44 votes

The Form 656 Booklet provides detailed information on the Offer in Compromise (OIC) program, which allows taxpayers to settle their tax debts for less than the full amount owed. It outlines eligibility requirements, application procedures, necessary forms (including Form 433-A and Form 433-B), payment options, and important considerations regarding future tax obligations and penalties. The booklet also includes resources for taxpayer assistance and an application checklist to ensure all required documentation is submitted.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to change Form 656 2015 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation requires only a few simple clicks. Follow these fast steps to change the PDF Form 656 2015 online for free:

Sign up and log in to your account. Sign in to the editor with your credentials or click Create free account to evaluate the tool’s features.
Add the Form 656 2015 for editing. Click on the New Document option above, then drag and drop the sample to the upload area, import it from the cloud, or using a link.
Adjust your file. Make any adjustments needed: insert text and pictures to your Form 656 2015, highlight details that matter, remove sections of content and replace them with new ones, and insert symbols, checkmarks, and fields for filling out.
Complete redacting the template. Save the modified document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super user-friendly and effective. Give it a try now!

See more form 656 2015 versions

We've got more versions of the form 656 2015 form. Select the right form 656 2015 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2024	4.3 Satisfied (48 Votes)
2023	4.8 Satisfied (55 Votes)
2022	4.5 Satisfied (54 Votes)
2021	4.9 Satisfied (52 Votes)
2020	4.4 Satisfied (190 Votes)
2019	4.4 Satisfied (141 Votes)
2018	4.3 Satisfied (207 Votes)
2017	4.1 Satisfied (50 Votes)
2016	4.4 Satisfied (703 Votes)
2015	4 Satisfied (44 Votes)
2014	4 Satisfied (43 Votes)
2012	4.1 Satisfied (61 Votes)
2011	4.2 Satisfied (69 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is a 656 form from the IRS?

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 much does the IRS usually settle for?

How much will the IRS settle for? 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.

Who qualifies for IRS debt forgiveness?

The IRS ultimately determines whether you qualify for debt forgiveness. However, the agency generally considers taxpayers who meet these criteria: a total tax debt balance of $50,000 or less, and a total income below $100,000 for individuals (or $200,000 for married couples).

How much is the fee for Form 656?

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

What are the qualifications for an IRS fresh start?

The Fresh Start program is open to any taxpayer who owes back taxes and is struggling to pay them. There are no income requirements. To qualify, you must owe no more than $50,000 in combined back taxes, interest, and penalties and be current on all federal tax filings.

Who qualifies for the IRS fresh start program?

People who qualify for the program Having IRS debt of fifty thousand dollars or less, or the ability to repay most of the amount. Being able to repay the debt over a span of 5 years or less. Not having fallen behind on IRS tax payments before. Being ready to pay as per the direct payment structure.

How do I know if I qualify for fresh start program?

To be eligible for the Fresh Start Program, you must meet one of the following criteria: Youre self-employed and had a drop in income of at least 25% Youre single and have an income of less than $100,000. Youre married and have an income of less than $200,000. Your tax debt balance is less than $50,000.

Form 656 2015-2025

Here's how it works