How many Forms 656 must I complete if my spouse and I are submitting one offer to compromise the same joint liability? How many application fees must be attached?
A married couple owing the same joint income tax liability may file only one Form 656 listing the joint liability. One fee of $150 should be attached to Form 656. A married couple opting to file separate offers to compromise the same joint liability may do so, but two $150 fees will be required. [Note: This assumes that the taxpayers do not meet one of the exceptions for paying the application fee: 1) OIC filed solely under doubt as to liability, or 2) total monthly income falls at or below income levels based on the DHSS poverty guideline levels.
Related Questions
- How many Forms 656 must I complete if my spouse and I are submitting one offer to compromise the same joint liability? How many application fees must be attached?
- When a married couple owes a joint liability and one spouse also owes an individual (non-joint) liability, how many Offers In Compromise are required?
- Can an individual submit an Offer in Compromise with respect to a joint liability?
