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Compromise

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richosasimohan Joined: 18 Jul 2007 Posts: 38 23.01 Dollars($)	Posted: Thu Jul 19, 2007 3:14 am    Post subject: Compromise I am unable to pay my delinquent taxes. Will an Offer be accepted in Compromise?
karthikeyamurugesan Joined: 18 Jul 2007 Posts: 9 4.50 Dollars($)	Posted: Thu Jul 19, 2007 3:17 am    Post subject: hey I don think so...to get more info about taxes kindly look on to this site : http://www.ustreas.gov/ I hope you will get an idea..dude
sara Joined: 05 Jul 2006 Posts: 1060 Location: New Brunswick, New Jersey 201.30 Dollars($)	Posted: Thu Jul 19, 2007 5:21 am    Post subject: RE: Offer in Compromise for delinquent taxpayers Hi Richo, If you are unable to pay delinquent taxes, then you may get the chance to file an Offer in Compromise (OIC). But the IRS will verify if you are at all unable to pay the tax in a lump sum payment or through installments. The Offer in Compromise helps to taxpayers settle their liabilities towards taxes for less than what they have to pay. However, delinquent taxpayers need to check in OIC form (form 656) as to whether they qualify for the offer. Take Care
richosasimohan Joined: 18 Jul 2007 Posts: 38 23.01 Dollars($)	Posted: Thu Jul 19, 2007 5:37 am    Post subject: Compromise Where to get this OIC form (form 656) and is there any procedure behind this.
adonis Joined: 22 Oct 2005 Posts: 1346 Location: ALASKA 122.17 Dollars($)	Posted: Fri Jul 20, 2007 12:06 am    Post subject: Richo, Nice to see you here. You can get the OIC form from IRS website at http://www.irs.gov/pub/irs-pdf/f656.pdf . _________________ Procrastination is the enemy of your financial sucess

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