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What is form 656 booklet offer?
Form 656 booklet offer is an IRS document used to propose an offer in compromise to settle tax debt for less than the full amount owed.
Who is required to file form 656 booklet offer?
Taxpayers who are unable to pay their full tax liability and meet certain criteria set by the IRS may file form 656 booklet offer.
How to fill out form 656 booklet offer?
Form 656 booklet offer must be filled out completely and accurately, including details on income, expenses, assets, and liabilities.
What is the purpose of form 656 booklet offer?
The purpose of form 656 booklet offer is to provide taxpayers with a way to settle their tax debt with the IRS for an amount less than what is owed.
What information must be reported on form 656 booklet offer?
Form 656 booklet offer requires details on the taxpayer's financial situation, including income, expenses, assets, and liabilities.
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