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What you should know about Irs form 656
- Form 656 should be submitted with completed financial statements and required application fee and initial payment.
- The IRS will not compromise any amounts of restitution assessed by the IRS.
- Liabilities arising from restitution and certain elections are excluded from Form 656 offer.
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How to prepare Irs form 656
About Irs form 656
Form 656 is intended for tax professional use only and must be submitted with necessary documentation and payment for consideration by the IRS.