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SOUTH HURON POLICE SERVICES BOARD Remote Electronic Meeting Tuesday, March 9, 2021 4:05 pm Members Present Chair Vice Chair Member OPP OPP OPP Recording Secretary 1. Jim Dietrich Mark Hartman Dave

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What is opp?

OPP stands for Offer in Compromise, which is a program that allows taxpayers to settle their tax debt for less than the full amount owed.

Who is required to file opp?

Taxpayers who are unable to pay their full tax debt or who have a legitimate dispute with the IRS regarding the amount owed may be eligible to file an Offer in Compromise.

How to fill out opp?

Taxpayers can fill out an Offer in Compromise by submitting Form 656 and following the instructions provided by the IRS.

What is the purpose of opp?

The purpose of an Offer in Compromise is to help taxpayers who are facing financial hardship or who have a legitimate dispute with the IRS to settle their tax debt and avoid further collection actions.

What information must be reported on opp?

Taxpayers must report their financial information, including income, expenses, assets, and liabilities, on an Offer in Compromise.

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