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Temecula California online Form 656-B: What You Should Know
Tax rates and amounts are for the 2025 tax year, but may provide additional guidance for earlier years. Offers in Compromise for Individuals (Form 656) — IRS Offers in Compromise for Non-Individuals (Form 8824) — IRS OFFER IN COMPETENCE (Form 8802) Offer in Compromise (Form 8802): The IRS will provide you with an offer to settle your tax debt (for which you must repay, on a regular basis, the tax that you are not paying). Filing Requirements: If you qualify for an offer in compromise, you must use this form. You will first complete the Offer in Compromise (Form 8824) and submit it via mail; then return it. In addition, you are required to complete an Offer in Compromise Notice (Form 8824) along with the tax information on Form 8802. Offer in Compromise Notice — IRS Offer in Compromise Notice: The IRS will provide a notice advising you that you are eligible to receive an offer in compromise and informing you the amount of tax you will have to pay as a result of the offer (also referred to as an offer in compromise offer). If you qualify, the notice will inform you that you will have the option to accept or reject the offer and give you the opportunity to negotiate the amount of tax you will have to pay under the offer with the IRS (collectively referred to as you are obligated to accept or reject the offer). If the amount of tax you will owe from the offer in compromise is significantly lower than you owe for the tax you will owe in full, you will be able to request that the offer amount be set as a payment. If you elect to agree to the offer in the form of a payment in full, you must use IRS Form 8809, Request for Taxpayer Settlement. An offer in compromise letter must accompany the form. If the offer in compromise amount would be less than the amount of tax you owe in full under the offer in compromise, it will be treated as being equal to that amount. In addition, you might also be able to use IRS Form 8809, Request for Taxpayer Settlement.
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