Form 656-B online Washington 2024-2025

Form 656-B online Washington: What You Should Know

This report is used to determine if you qualify for an offer in compromise. The more information you provide the fewer times you'll have to give the offer in compromise to the IRS.  What Does “Offer in Compromise” Are? — IRS May 19, 2025 — The offer in compromise is a contract between you (the taxpayer) and the IRS in which you (the taxpayer) agrees to repay the amount of tax you owe. You submit an offer in compromise that is acceptable to the IRS. You must repay the amount of tax that you owe if you file a Form 8300-EZ, Taxpayer Return Preparation Service (Form 8300A); if, you receive a notice that is not a notice of deficiency (Form 8861)-a written communication from the IRS to inform you of the amount of tax you owe and the IRS's demand for payment; or if, your Form 8290, Statement of Non-Taxation, or Federal Income Tax Return for the year in which the tax was paid is returned as incomplete, incorrect or improper. The IRS can offer you a reduced amount of tax or complete the amount you owe by agreeing to pay the full amount of tax for the return. If the IRS agrees to pay only some or all of the total tax for any return, the IRS must also make a payment for the amount it agreed to pay, on a date you agree to pay that amount. The IRS can agree to pay the full amount of tax if you provide proof of payment in certain circumstances. If the IRS decides to pay the entire tax, the IRS is not entitled to a refund for tax paid under an offer in compromise. The IRS may ask you to provide information on how you plan to pay the tax owed under you offer in compromise or to make good any unpaid federal tax that is due. This information is called tax information. You are entitled to claim credit or refund for tax paid on your offer in compromise. When you file a tax return, you must provide information on the amount of tax owed and the repayment of the tax that you owe. If you refuse to make a full payment for the tax, you are liable for all unpaid federal tax. Frequently Asked Questions about Offer In Compromise — IRS What is an Offer in Compromise? — IRS This document, with more questions and answers about the Offer in Compromise process, is at the IRS website.

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