Form 656-B Corona California 2024-2025

Form 656-B Corona California: What You Should Know

You'll need to submit one of many “offer in compromise” (OIC) proposals to prove to the IRS that you have complied with your tax obligations with the offer in compromise. How To Schedule IRS Form 656 — IRS Mar 22, 2025 — IRS Form 656 will be used to finalize a contract for an OIC with the IRS. 2023 IRS Forms To Use with Form 656 — IRS Use Form 656—What Is It? Taxpayers filing their taxes late can qualify for many programs and discounts through the IRS. This form determines how much the IRS needs to send to the taxpayer for refunds if a refund is due. If you need to file a return for 2025 or later, you must file it by June 15, 2013. You must complete this form, as described in the next section, to make an offer in compromise to the IRS. To file Form 656, fill out Schedule G, and attach it to Form 1040S, U. S. Individual Income Tax Return. Use Schedule G to report the following amounts: OIC Offer in Compromise For taxable years beginning The IRS determines that you owe taxes in a certain amount or amounts. Enter those amount(s) as shown on the Form 656. The amount(s) that the Internal Revenue Service determines as owed is known as your Offer in Compromise. For taxable years beginning after 2012, enter the Offer in Compromise amount in box 1 of Form 1040. Enter the Offer in Compromise amount(s) you owe in box 2 of Form 1040. Enter the Offer in Compromise amount(s) you can't owe in box 3 of Form 1040. Add these amount(s) to your previous answer for item (1). For each amount you pay or owe, enter a negative number in box 6 of Section B (other) of your 1040 tax return (Form 1040, 1040A or 1040EZ).

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