Form Md 656 PDF Details

Form Md 656 is a form that can be used to request an exemption from the prepayment of sales and use taxes. This form can be used by Maryland businesses who are looking to purchase materials or goods for their business, but do not have the funds available to pay the taxes upfront. By using Form Md 656, businesses can request an exemption from the prepayment of sales and use taxes. There are certain requirements that must be met in order to qualify for this exemption, so it is important to review the criteria before submitting a request. Businesses who are interested in learning more about Form Md 656 or who would like to download a copy of the form can visit our website.

You will find more info in regards to the form md 656 by looking through the table our team prepared for you.

QuestionAnswer
Form NameForm Md 656
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesmd 656, state of maryland offer in compromise, 656 form md, form md 656 2019

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FORM MD 656

STATE OF MARYLAND

July 2000

COMPTROLLER OF MARYLAND

 

OFFER IN COMPROMISE

Item 1 – Name and Address of Taxpayer(s)

Name _________________________________________________________________________________________________________________

Name _________________________________________________________________________________________________________________

Street Address __________________________________________________________________________________________________________

City __________________________________________ State __________________________ ZIP Code _________________

Mailing Address (if different from above) _____________________________________________________________________________________

Street Address __________________________________________________________________________________________________________

City __________________________________________ State __________________________ ZIP Code ________________

Item 2 – Social Security Number(s)

(a)Primary _______________________________________________

(b)Secondary _____________________________________________

Item 3 – Employer Identification Number

___________________________________________________

Item 6 – I/We submit this offer for the reason(s) checked below:

!Doubt as to Liability – “I do not believe I owe this amount.” You must include a detailed explanation of the reason(s) why you believe you do not owe the tax in Item 9.

!Insufficient Resources – “I have insufficient assets and income to pay the full amount.” You must include a complete financial statement, Form MD 433-A and/or Form MD 433B.

Item 4 – Combined Registration Number

___________________________________________________

Item 5 – To: Comptroller of Maryland

I/We (includes all types of taxpayers) submit this offer to compromise the tax liabilities plus any interest, penalties, additions to tax, and additional amounts required by law (tax liability) for the tax type and period below: (Please mark and “X” in the box for the correct description and fill-in the correct tax period(s), adding additional periods, if needed.)

!Income Tax – Tax Periods _______________________________

_______________________________________________________

!Sales and Use Tax – Tax Periods __________________________

_______________________________________________________

!Withholding Tax – Tax Periods ____________________________

_______________________________________________________

!Admissions and Amusement Tax – Tax Periods ______________

_______________________________________________________

!Other Tax(es) [specify type(s) and period(s)] ________________

_______________________________________________________

____________________________________________

____________________________________________

!Economic or other Hardship – “I owe this amount and have sufficient assets to pay the full amount, but due to my exceptional circumstances, requiring full payment would cause an economic hardship or would be unfair and inequitable.” You must include a complete financial statement, Form 433-A and/or Form 433B and complete Item 9.

Item 7

I/we offer to pay $ __________________________________________

!Paid in full with this offer.

!Deposit of $ _________________________ is attached to this offer.

!No deposit

If payment terms are requested, describe terms and conditions below.

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

________________________________________________________

Item 8 – By submitting this offer, I/we understand and agree to the following conditions:

(a)I/we voluntarily submit all payments made on this offer.

(b)Comptroller of Maryland will apply payments made under the terms of this agreement in the best interests of the state.

(c)If the Comptroller of Maryland rejects the offer or I/we withdraw the offer, Comptroller of Maryland will return any amount paid with the offer. If I/ we agree in writing, Comptroller of Maryland will apply the amount paid with the offer to the amount owed. If I/we agree to apply the payment, the date the offer is rejected or withdrawn will be considered the date of payment. I/we understand that the Comptroller of Maryland will not pay interest on any amount I/we submit with the offer.

(d)Comptroller of Maryland will keep all payments and credits made, received, or applied to the amount being compromised before this offer was submitted. Comptroller of Maryland will also keep any payments made under the terms of an installment agreement while this offer is pending.

(e)I/we understand that I/we remain responsible for the full amount of the tax liability unless the Comptroller of Maryland accepts the offer in writing and I/we have met all the terms and conditions of this offer.

(f)Once Comptroller of Maryland accepts the offer in writing, I/we waive the right to contest, in court or otherwise, the amount of the tax liability.

(g)If I/we fail to meet any of the terms and conditions of the offer, the offer is in default, and the Comptroller of Maryland may:

(i)immediately file suit or levy to collect the entire unpaid balance of the offer, without further notice of any kind;

(ii)immediately file suit or levy to collect the original amount of the tax liability, without further notice of any kind.

If I/we fail to comply with all provisions of state law relating to filing my/our returns and paying my/our required taxes for three (3) years from the date Comptroller of Maryland accepts the offer, the Comptroller of Maryland may treat the offer as defaulted and reinstate the unpaid balance. The Comptroller of Maryland will continue to add interest, as required by law, on the amount the Comptroller of Maryland determines is due after default. The Comptroller of Maryland will add interest from the date the offer is defaulted until I/we completely satisfy the amount owed.

Item 9 – Explanation of Circumstances

I am requesting an offer in compromise for the reason(s) listed below:

Note: If you are requesting compromise based on doubt as to liability, explain why you don’t believe you owe the tax. If you believe you have special circumstances affecting your ability to fully pay the amount due, explain your situation. You may attach additional sheets if necessary.

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

_______________________________________________________________________________________________________________________

The within offer in compromise is accepted.

Under penalties of perjury, I declare that I have examined this offer, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct and complete.

Signature of Tax Administrator

Signature of Taxpayer proponent

Date

 

 

Date

Signature of Taxpayer proponent

Date

 

 

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step 1 to writing maryland offer compromise

The software will need you to submit the Item Combined Registration Number, Item To Comptroller of Maryland, IWe includes all types of, Income Tax Tax Periods, pay the full amount You must, Economic or other Hardship I owe, sufficient assets to pay the full, Item, Iwe offer to pay, Paid in full with this offer, Deposit of is attached to this, No deposit, Sales and Use Tax Tax Periods, If payment terms are requested, and Withholding Tax Tax Periods segment.

maryland offer compromise Item   Combined Registration Number, Item   To Comptroller of Maryland, IWe includes all types of, Income Tax  Tax Periods, pay the full amount You must, Economic or other Hardship  I owe, sufficient assets to pay the full, Item, Iwe offer to pay, Paid in full with this offer, Deposit of   is attached to this, No deposit, Sales and Use Tax  Tax Periods, If payment terms are requested, and Withholding Tax  Tax Periods fields to fill out

You'll be asked to provide the details to help the application prepare the section Admissions and Amusement Tax Tax, and Other Taxes specify types and.

maryland offer compromise Admissions and Amusement Tax  Tax, and Other Taxes specify types and blanks to fill out

The have special circumstances, The within offer in compromise is, Under penalties of perjury I, Signature of Tax Administrator, Signature of Taxpayer proponent, Date, Signature of Taxpayer proponent, Date, and Date box is the place where either side can indicate their rights and responsibilities.

Completing maryland offer compromise step 4

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