MI Form 656-B 2024-2025

MI Form 656-B: What You Should Know

To request a BIC, form 6356, you must provide and sign Form 433, to the extent permitted by law, and a copy of the Form 6562 notice. When a BIC is granted by the IRS, no additional filing is needed. However, if a BIC is denied by the IRS, any additional filing is needed once the tax year has passed without the BIC being issued. If the Form 6262 form is completed and signed, a Form 6262B is necessary. The IRS will determine whether the state is an “accepted federal offer in compromise” based on the information contained in the notice letter sent by the federal government. See: . If Michigan is an “accepted federal offer in compromise”, a BIC can be granted upon payment of 100%; otherwise, you must file a tax return and submit an offer in compromise.  Form 6262B: Agreement, Acceptance, and Offer in Compromise — State of Michigan (must have an OIC in order to qualify) Completely filled out Form 6262B, Agreement, Acceptance, and Offer in Compromise, attaching any information requested by the federal government. If required, this statement must have been completed prior to filing the form with the IRS. Form 6262B: Agreement, Acceptance, and Offer in Compromise — State of Michigan The information on this form must have included with the forms provided, in the state and federal government, prior to filing the forms with the IRS. In the statement on the form that you must sign or attach, you must indicate whether your state is an “accepted federal offer in compromise” and, if not, you must enter the reason for not being an “accepted federal offer in compromise.” When you pay 100% you will no longer be an “accepted federal offer in compromise.” This statement will remain on your Michigan tax return and will be included in any subsequent federal tax return you may file upon your death.

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