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(Approx. 656 words)Open Source Software of the Month By Geof Goodrum, Potomac Area Technology and Computer Society June 2017 Issue, PATACS Posts www.patacs.org linux (at) patacs.org 7Zip v16.04. http://www.7zip.org/.
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656 words refers to the IRS Form 656, which is used to apply for an Offer in Compromise, a program that allows taxpayers to settle their tax liabilities for less than the full amount owed.
Any taxpayer who cannot pay their tax debt in full and believes they qualify for an Offer in Compromise is required to file Form 656.
To fill out Form 656, taxpayers must provide personal information, financial details, and support their offer with relevant documentation. Instructions should be carefully followed.
The purpose of Form 656 is to apply for an Offer in Compromise with the IRS, allowing taxpayers to negotiate a settlement amount that is less than their total tax debt.
Form 656 requires reporting personal identification details, the amount owed, financial information including income, expenses, assets, and liabilities, and documentation supporting the offer.
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