Course Tag: Offer in Compromise


OIC 113: Form 656, Offer in Compromise

Form 656, Offer in Compromise. An Offer in Compromise is an agreement between a taxpayer and the IRS that settles a tax liability for payment of less than the full amount owed.  IRM § (09-23-2008); Adamowicz v. US, 08-888C, Pg. 5 (D.C. Ct. Fed. Cl. 11/21/2011) (Offer in Compromise) and 26…