What happens if an OFFER IN COMPROMISE is submitted using the wrong forms?
The Form 656 and/or Forms 433 “Collection Information Statements” are necessary to conduct an offer investigation.A^ Failure to submit these documents will cause considerable delay in the process.A^ Taxpayers wanting to pursue the OFFER IN COMPROMISE as a way to satisfy their tax liability will have to submit the forms in order to have the OFFER IN COMPROMISE reconsidered.
The Form 656 and/or Forms 433 “Collection Information Statements” are necessary to conduct an offer investigation. Failure to submit these documents will cause considerable delay in the process. Taxpayers wanting to pursue the OFFER IN COMPROMISE as a way to satisfy their tax liability will have to submit the forms in order to have the OFFER IN COMPROMISE reconsidered.
