How to fill out Form 656 - 2022
Channel: EA Tax Resolutions
Date: 19/08/2021

EA Tax Resolutions Website: https://eataxresolutions.com/?utm_source=Youtube&utm_medium=Video&utm_campaign=How+to+fill+out+Form+656+-+2022
EA Tax Resolutions Phone Number: 800-245-0596
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🤵 IRS Offer in Compromise Consultation in depth: https://calendly.com/anthony-eataxresolutions/discovery-call
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Want to file an IRS offer in compromise in 2022? well you will need to fill out an IRS form 656 to do so. 

In this video I will be explaining how to fill out the updated IRS form 656. We will be going line by line through the form, to be sure you understand how to fill this out. 

The IRS form 656 is used to file an IRS offer in compromise. It’s the contract that lays out the terms of the tax settlement. 
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🔴IRS Offer in Compromise: What is it? Do I qualify to settle my back taxes with the IRS? https://www.youtube.com/watch?v=VK-Zx4fzUog&t=1s 
🔴 Why Most IRS Offer in Compromise Get Rejected: https://www.youtube.com/watch?v=_DTcLgfc8XE&t=1s
🔴 How to fill out IRS Form 433-A OIC – 2021: https://www.youtube.com/watch?v=hy8c-iA9AD4&t=10s

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Helpful Links

IRS Form 656 (2021) https://www.irs.gov/pub/irs-pdf/f656.pdf

IRS Form 433-A (OIC) https://www.irs.gov/pub/irs-pdf/f433aoi.pdf 

Form 656 Booklet: https://www.irs.gov/pub/irs-pdf/f656b.pdf 

IRS Financial Collection Standards
https://www.irs.gov/businesses/small-businesses-self-employed/collection-financial-standards

Internal Revenue Manual - Offer in Compromise - Financial Analysis
https://www.irs.gov/irm/part5/irm_05-008-005r

IRS Withholding Calculator
https://www.irs.gov/individuals/tax-withholding-estimator

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).

#IRS #OfferInCompromise #656