Form Ct 656a

What is the Form CT-656A

The Form CT-656A is an official document used by taxpayers in Connecticut to request an offer in compromise with the Connecticut Department of Revenue Services. This form allows individuals or businesses facing financial difficulties to settle their tax liabilities for less than the full amount owed. By submitting this form, taxpayers can propose a reduced payment based on their ability to pay, which can provide significant relief from overwhelming tax debts.

How to Use the Form CT-656A

To effectively use the Form CT-656A, taxpayers must first gather all necessary financial documentation that supports their offer. This includes income statements, expenses, and any other relevant financial information. Once the form is completed, it should be submitted to the Connecticut Department of Revenue Services for review. It is crucial to ensure that all information is accurate and complete to avoid delays in processing.

Steps to Complete the Form CT-656A

Completing the Form CT-656A involves several key steps:

1. Download the form from the Connecticut Department of Revenue Services website.
2. Fill out personal and financial information accurately, including income, expenses, and assets.
3. Calculate the proposed offer amount based on your financial situation.
4. Attach supporting documentation that validates your financial claims.
5. Review the completed form for accuracy and completeness.
6. Submit the form along with any required fees to the appropriate department.

Legal Use of the Form CT-656A

The legal use of the Form CT-656A is governed by state tax laws and regulations. It is essential for taxpayers to understand that submitting this form does not guarantee acceptance of the offer. The Connecticut Department of Revenue Services will evaluate each submission based on the taxpayer's financial situation and the likelihood of collecting the full tax amount. Compliance with all legal requirements is necessary to ensure that the offer is considered valid.

Required Documents

When submitting the Form CT-656A, taxpayers must include several required documents to support their offer. These documents typically include:

• Recent tax returns.
• Proof of income, such as pay stubs or bank statements.
• Documentation of monthly expenses, including bills and lease agreements.
• Any additional financial statements that demonstrate the taxpayer's financial condition.

Form Submission Methods

The Form CT-656A can be submitted through various methods to ensure convenience for taxpayers. These methods include:

• Online submission through the Connecticut Department of Revenue Services portal.
• Mailing the completed form to the designated address provided on the form.
• In-person submission at local Department of Revenue Services offices.

Eligibility Criteria

To qualify for an offer in compromise using the Form CT-656A, taxpayers must meet specific eligibility criteria. Generally, these criteria include:

• Demonstrating an inability to pay the full tax liability.
• Providing accurate financial information.
• Being compliant with all filing and payment requirements for the last five years.