IRS REVISES OFFER IN COMPROMISE APPLICATIONWASHINGTON - The Internal Revenue Service announced that its revised taxpayer application for an offer in compromise, Form 656, is now available. The Form 656 package was last revised in 2004 to help taxpayers prepare an offer correctly and completely.
The new form retains the 2004 changes and adds significant changes as a result of the Tax Increase Prevention and Reconciliation Act of 2005. The changes include:
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