Support CenterHow to enter information on Form 656 in Miscellaneous package in SureFire?
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An Offer in Compromise is an agreement between the taxpayer and the government that settles a tax liability for payment of less than the full amount owed.
You must indicate this form as either Business or Individual. If you select the Individual check box, you must enter either T for taxpayer, S for spouse or J for a joint return. Information will carry over from the Main Information Sheet.
Read each item and select the appropriate check boxes.
See the IRS instructions for Form 656 for more information.
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Section III: Reason for Offer
Enter an explanation of the circumstances.
Section IV: Low Income Certification (Individuals Only)
Read the information on screen to determine if you qualify for low-income certification.
Section V: Payment Terms
Enter the amount of your offer and select the applicable check box for payment options.
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Section VI: Designation of Down Payment and Deposit
Enter the applicable information for down payments and deposits.
Section VII: Source of Funds
Enter the sources of funds that shall be obtained to make the offer in compromise.
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Section XI: Third Party Designee
Select the applicable check box to indicate if you want another person to discuss this offer with IRS.
If "Yes"" enter the name and phone number of that person.
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