REVISED 8/2004) What do I need to do if the OIC Application Fee Worksheet shows that I qualify for the income exception?
Taxpayers must sign and date Form 656-A, “Income Certification for Offer in Compromise Application Fee.” If a taxpayer is submitting a joint OIC with a spouse, the spouse must also sign the certification. The Income Certification must be attached to Form 656. It is recommended that the Application Fee Worksheet also be submitted. What happens if I submit the Form 656-A and the IRS later says I made an error and do not qualify for the poverty guideline exception? The IRS will return the OIC to the taxpayer without any further processing. Does the poverty guideline exception apply to businesses? No. The exception for taxpayers with total monthly incomes falling at or below income levels based on DHSS poverty guidelines only applies to individuals. It does not apply to other entities, such as corporations or partnerships. Back To Top What happens if I do not submit the OIC application fee with the OIC Form 656?
Taxpayers must sign and date Form 656-A, “Income Certification for Offer in Compromise Application Fee.” If a taxpayer is submitting a joint OIC with a spouse, the spouse must also sign the certification. The Income Certification must be attached to Form 656. It is recommended that the Application Fee Worksheet also be submitted. What happens if I submit the Form 656-A and the IRS later says I made an error and do not qualify for the poverty guideline exception? The IRS will return the OIC to the taxpayer without any further processing. Does the poverty guideline exception apply to businesses? No. The exception for taxpayers with total monthly incomes falling at or below income levels based on DHSS poverty guidelines only applies to individuals. It does not apply to other entities, such as corporations or partnerships. What happens if I do not submit the OIC application fee with the OIC Form 656? Unless the taxpayer has submitted an OIC under the doubt as to liability provision, or att
Taxpayers must sign and date Form 656-A, “Income Certification for Offer in Compromise Application Fee.” If a taxpayer is submitting a joint OIC with a spouse, the spouse must also sign the certification. The Income Certification must be attached to Form 656. It is recommended that the Application Fee Worksheet also be submitted.
Related Questions
- What do I need to do if the Offer In Compromise Application Fee Worksheet shows that I qualify for the income exception?
- REVISED 8/2004) What do I need to do if the OIC Application Fee Worksheet shows that I qualify for the income exception?
- Do EOP applicants automatically qualify for an application fee waiver?
