Navigating the complexities of tax resolution options offered by the IRS can be daunting, but for individuals seeking a fresh start from tax debts, understanding the process and requirements of submitting an Offer in Compromise (OIC) is a crucial step. Key to this process is the Form 656-A, a document designed to assist individual taxpayers in certifying their income levels to qualify for a waiver of the OIC application fee and initial payment. Put into practice in February 2007, this form serves as a vital component for those whose financial circumstances mean they cannot afford these upfront costs. The form requires detailed personal information, including social security numbers and, if applicable, similar details for a spouse when filing jointly. Importantly, by signing the Form 656-A, taxpayers certify under the serious obligation of perjury that their income does not meet the threshold for the application fee and payment – a declaration that the IRS holds to stringent verification standards. This procedure underscores the IRS’s commitment to ensuring fairness while preventing misuse of the tax relief system. Should the IRS determine that an individual was, in fact, required to pay the fee or initial payment and this was not done, it will lead to the automatic rejection of the OIC without any further review. Therefore, the accurate completion and submission of Form 656-A, attached to the front of Form 656, become an indispensable step for eligible taxpayers aiming to utilize the Offer in Compromise program as a pathway to resolving tax liabilities.
| Question | Answer |
|---|---|
| Form Name | Form 656 A |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | where do you submit form 656, 656 form, 656 a, certification compromise application |