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 Form 656 L Guide Resolve 'Doubt as to Liability' Issues 2024-2025

656 Offer in Compromise 2024-2025 Form

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Instructions and help about form offer in compromise

the IRS is offering compromise program versus an installment agreement hey this is Michael Rosberg creator of the tax resolution domination system a toolkit and founder of raw strategies and what's the difference between an offer and compromise and an installment agreement when it comes to representing trouble taxpayers before the IRS okay so an offer and compromise and that's the one you hear on the radio and the TV that's the hook that most people hear today is the IRS is debt settlement program where the IRS will take in full payment of the tax that a lower amount than what's out in a lot of cases a lot lower amount that's owed but it's a formulaic driven process there are certain formulas that you have to do it's an exercise in cash flow and there's certain limitations to the government's national standards now a payment plan on the other hand is like a car payment it's like a commercial loan repayment

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