What forms are submitted to request an effective tax administration OFFER IN COMPROMISE?
To receive consideration on this basis, a taxpayer must submit: • The May 2001 version of Form 656, “Offer in Compromise” • The May 2001 version of the “Collection Information Statement” (Form 433-A and/or Form 433-B) • A detailed written narrative must be documented on Form 656, Item 9.The narrative must explain the exceptional circumstances and why payment of the tax liability in full would either create an economic hardship or demonstrate why there is compelling public policy or equity considerations sufficient to support an acceptance recommendation. The taxpayer bears the burden of proof to show their OFFER IN COMPROMISE qualifies for public policy or equity considerations. They must show that their circumstances are compelling enough to justify acceptance of their OFFER IN COMPROMISE compared to other taxpayers in similar circumstances. If a taxpayer requests consideration on the basis of effective tax administration, the IRS must first establish that no doubt as to liability and
To receive consideration on this basis, a taxpayer must submit: • The May 2001 version of Form 656, “Offer in Compromise” • The May 2001 version of the “Collection Information Statement” (Form 433-A and/or Form 433-B) • A detailed written narrative must be documented on Form 656, Item 9.The narrative must explain the exceptional circumstances and why payment of the tax liability in full would either create an economic hardship or demonstrate why there is compelling public policy or equity considerations sufficient to support an acceptance recommendation. The taxpayer bears the burden of proof to show their OFFER IN COMPROMISE qualifies for public policy or equity considerations.A^ They must show that their circumstances are compelling enough to justify acceptance of their OFFER IN COMPROMISE compared to other taxpayers in similar circumstances. If a taxpayer requests consideration on the basis of effective tax administration, the IRS must first establish that no doubt as to liability a
