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Form 656 rev 3Form 656 Rev 3Page 1form 656 revs 3Page 2form 656 rev 3Page 3form 656 revs 3Page 4form 656 revs 3form 656 rev 3 PDF Catalog Number 16728 N. www.irs.gov Form. 656 (Rev. 32019) Form.
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What is form 656 rev 3?
Form 656 rev 3 is the Offer in Compromise application form used by taxpayers to settle their tax liabilities with the IRS for less than the full amount owed.
Who is required to file form 656 rev 3?
Taxpayers who are unable to pay their full tax debt and meet specific eligibility requirements set by the IRS are required to file form 656 rev 3.
How to fill out form 656 rev 3?
Form 656 rev 3 must be accurately completed with information about the taxpayer's financial situation, tax debts, and proposed offer amount. The form must be signed and submitted along with the required documentation.
What is the purpose of form 656 rev 3?
The purpose of form 656 rev 3 is to provide taxpayers with a way to settle their tax debts with the IRS through a compromise agreement, allowing them to pay less than the full amount owed.
What information must be reported on form 656 rev 3?
Form 656 rev 3 requires taxpayers to report details about their income, expenses, assets, liabilities, and tax debts. Additionally, taxpayers must provide supporting documentation to substantiate the information provided.
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