Printable Form 656-L Sioux Falls South Dakota 2024-2025

Printable Form 656-L Sioux Falls South Dakota: What You Should Know

Form 2016-01, Offer in Compromise/Demand Letter — IRS. See a detailed explanation as the IRS, through the Spade and Associates, LLC.  Form 2016-01 — Offer in Compromise. Spade & Associates, LLC. Form 2016-01, Offer in Compromise. Request for a copy of Form 656-L or Form 8379A, Request for Assessment or Refund of Taxes for the Real Property (or portion of property) for which an offer in compo- Denise has been filed. IRS has no tax lien on the property or the realty. See IRS Notice 2010-25. Request for a copy of Form 8379A. If the property's market value has gone up or down, we recommend a separate offer in compromise should be put in place. We have had success using a Letter of Intention to Complete the offer which includes the date of issuance of the letter. Make the following statements as clearly and as accurately as possible in the letter: · (a) The property is being offered to a person or persons for purposes of sale by that person or persons (“Seller”), a person or persons who are directly or indirectly related to the Seller, or the Seller's affiliates or related companies; (b) The property is being offered to a public entity or to a governmental unit; (c) The property is being offered to or is in the possession or control of a public agency or any agency of a governmental unit; (d) There is (and I'm just throwing this out there) a substantial likelihood that the market price will rise. In fact, this is not limited to a decline in value of the property but an actual or probable fall in value. (e) There is no assurance that the property will be able to be sold in the future. If the property is not sold, the proceeds of the sale will (and could) be used to satisfy the tax liabilities on the property, and (f) The seller may be responsible to the IRS for the full amount of any amounts refunded to it if the property is returned to the person on whose behalf the offer in compromise was filed. I also recommend including a completed copy of Form 8379A and the relevant schedules on the letter.

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