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 Form 656 B Rev 4 2020

656 2020-2025 Form

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Video instructions and help with filling out and completing Form 656 B Rev 4

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Instructions and help about 656 irs

hey guys I'm Anthony Fontana in this video we're going over the IRS offer in compromise all right to start off what is the IRS offer and compromise well it's a program the IRS offers for taxpayers to settle their debt for less than what they owe Now spoiler alert here most people don't qualify for this program you got to think about this logically as to why with this program the iris is going to settle your taxes for less than what you owe now everyone else is paying the full amount in their taxes and why do you get to pay less than what you owe well the reason you would be able to pay less in which you owe with this program is because you truly don't have the ability to pay the full amount and the IRS is going to take a look at you they're going to nitpick your situation to make sure that you truly don't have the ability to pay in full so the next question leads into right how do we qualify for a program like this what is the IRS

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