Form 656-L for Montgomery Maryland 2024-2025

Form 656-L for Montgomery Maryland: What You Should Know

In some cases, you may just want someone else to collect the money. You can use Form MD 656-L to submit an offer to compromise the tax liabilities plus any interest, penalties, additions, or damages that may be due in connection with an action to collect tax. Note that this form must: 1) be completed with the proper information (see paragraph a below); and 2) be sent directly to the Tax Collector: Informal Offer The Informal Offer (Form 656-L) is the next step. This offer to compromise the tax liabilities only requires the taxpayer to provide the Internal Revenue Service (IRS) with certain information. In addition, you need the taxpayer's:  Social Security Number Federal Taxpayer Identification Number Full name and SSN for Taxpayer Identification Number (TIN) Full name, SSN, and county of birth Last 4 digits of TIN if the taxpayer is an individual; Last 4 digits of Taxpayer Identification Number (TIN) if the taxpayer is a partnership; and  Taxpayer mailing address (City, State, Zip Code if different from County of residence). The tax debtor should also complete the Form 5329, Statement on Disposition of Property, and the Form 5329A, Statement of Tax Liabilities. The Form 5329 is used to provide a statement of property disposition information. There are other forms listed in this publication that would also work, but these two forms are generally less work than completing Form 5329A.  Form 5329 — Statement on Disposition of Property The IRS then uses any additional information provided through Forms 5329, 5329A, Form 6262(e) if applicable, Form 6265, Statement of Tax Liabilities, and Form 6266 if applicable (collect) to complete and send the Form 5329A, Statement of Tax Liabilities. The Form 5329A is used to provide you an additional notice of deficiency for your tax liability. The Form 6262(e), Statement on Disposition of Property is sent if there are any tax payments due for which you are not receiving a tax deduction or credit. The Form 6265, Statement of Tax Liabilities is sent if you do not need to notify the IRS and you do not wish to be subject to any withholding tax. If you are not receiving any of the above forms, the tax debtor could mail the form to the agency listed under “The IRS” below.

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