Get the free of any offer and is not part of the Vacant Land/Lot Contracts terms

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Page 1 of 9BUYER ATTACHMENTDocument updated: October 2019This attachment should be given to the Buyer prior to the submission of any offer and is not part of the Vacant Land/Lot Contracts terms. ATTENTION

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Read the offer carefully to understand its requirements.

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What is of any offer and?

An Offer in Compromise (OIC) is an agreement between a taxpayer and the IRS that settles a tax debt for less than the full amount owed.

Who is required to file of any offer and?

Any taxpayer who owes federal tax debt and believes they cannot pay the full amount can file an Offer in Compromise.

How to fill out of any offer and?

To fill out an Offer in Compromise, you must complete IRS Form 656 and Form 433-A (OIC) or Form 433-B (OIC), providing detailed financial information and supporting documentation.

What is the purpose of of any offer and?

The purpose of an Offer in Compromise is to allow taxpayers who cannot pay their tax liabilities in full to settle their debt for a lesser amount.

What information must be reported on of any offer and?

Taxpayers must report financial information such as income, expenses, assets, and liabilities on the Offer in Compromise forms.

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