With the passing of the April 15th tax filing deadline, many taxpayers are faced with new tax liabilities and looking for answers on how to address them. Fortunately, there are many different repayment options available for tax liabilities. The qualification requirements for many of these options are largely dependent on the type of taxpayer and the amount of tax owed.
offer in compromise
The IRS updated its Offer in Compromise booklet and released new forms for the Offer in Compromise program. The revised forms can be found at https://www.irs.gov/pub/irs-pdf-f656b.pdf.
In March 2019, the IRS updated the IRS Forms 433-A and B (OIC), the Collection Information Statements for Individuals and Businesses.