What is the form used for? :
- Use Form 656 when applying for an Offer in Compromise (OIC), which is an agreement between the taxpayer and the IRS that settles tax liabilities for less than the full amount owed.
Is the form Supported in our program? Yes
How to access the form: To access the form you will need to open a return on the desktop and then go to Add Form/Display then in the look for box type 656.
Limits to the form: The business variant of this form can only be accessed from the desktop software. This form cannot be copied.
IRS Publication: https://www.irs.gov/forms-pubs/about-form-656
