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Il478 0063 Form

Il478 0063 Form

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Instructions and help about Il478 0063 Form

Calculation of Minimum Offer Amount Section 5 this is where you're going to calculate  the minimum offer amount the IRS will accept to   settle your Business tax debts in full. There are  two types of offer calculations. One is based on   paying off the amount over a shorter amount of  time, five or fewer payments within 5 months. The   other is paying your offer in 6 to 24 months.  The amount of time you take to pay your offer   in full will affect your minimum offer amount.  Paying over a shorter period of time will result   in a smaller minimum offer amount. So going  through the two different calculations. 1. If   you will pay your offer in five or fewer payments  within 5 months or less, multiply remaining income  Box D by 12 to get Future Remaining Income Box  E. Do not enter a number less than zero and   remember to round to the nearest whole  dollar. For example, if your remaining   monthly income in Box D is $500, your Future  Remaining Incom

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