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You must mark this form as either Business or Individual. If you select the Individual check box, you must enter either T for the taxpayer, S for the spouse, or J for a joint return. Information carries over from the Main Information Sheet. Read each item and select the appropriate checkboxes. See the IRS instructions for Form 656 for more information.
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Complete all applicable information. See the IRS instructions for Form 656 for more information.
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Section VI: Explanation of Circumstances - Enter why you request an offer in compromise.
Section VII: Source of Funds - Enter the sources that shall be obtained to make the offer in compromise.
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Section IX: Application Prepared by Someone Other Than the Taxpayer - Enter the name and address of the person who prepared the application.
Section XI: Third Party Designee - Select the applicable check box to indicate if you want another person to discuss this offer with IRS. If you check Yes, enter that person's name and phone number.
Solution Article:
656 - Offer in Compromise
656 - Offer in Compromise
