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Filing an Offer in Compromise |
 | | Form 656 – L must reflect the amount which the taxpayer believes is the correct amount of the tax liability after credits and payments. |
| | The Form 656, February 2007 revision, has retained the paid preparer signature block section (Form 656, Item 13) which was suggested by many tax professionals organizations in 2004 who were concerned with unscrupulous promoters marketing the OIC program as a “pennies on the dollar” approach to paying off a tax debt. |
| | Form 656 should be mailed to one of two centralized locations: Holtsville, NY or Memphis, TN. Because the original Form 656 is required, facsimile copies of this form cannot be accepted. |
| www.irs.gov /businesses/small/article/0,,id=109628,00.html (2784 words) |
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