Form 656 Wilmington North Carolina 2024-2025

Form 656 Wilmington North Carolina: What You Should Know

The acceptance or rejection of the offer in compromise determines whether the taxpayer files a claim with the IRS or takes a lesser amount in tax due, or whether you need to pay the tax without the offer in compromise, and file a return. A tax loss may result if the IRS accepts the offer in compromise, and you take the lesser tax. You can learn more about IRS Offering In Compromise programs and the IRS's instructions for using IRS Offering In Compromise programs in IRS Publication 549, Offering In Compromise Programs. Form 656-L (Offer in Compromise Doubt as to Liability) After you submit your offer in compromise, the IRS sends it to all taxpayers. If the taxpayer accepts, then he or she does not want you to pay the tax without the offer, and should file Form 1040 to pay the tax with the offer in compromise. You may also send Form 6561 (Request for Refund Without Application for Refund), if you don't receive a Form 1040, that is, you didn't agree to pay without the offer. IRS Form 656-L A taxpayer who files a Form 1040 or an amended return based on an offer in compromise may request a refund.

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