Form 656-L Illinois 2024-2025

Form 656-L Illinois: What You Should Know

A) You will be issued a Request for Taxpayer Information (Form 656-L) that will ask you to provide certain personal identifying information. (See: How to Apply for In Compromise) (b) Your offer will be limited to the total taxable income subject to the Internal Revenue Code as required by Section 61 or the foreign equivalent. You will be issued a Notice to Certificate (Form 656-G) by December 31, 2021, that will provide you with the opportunity to amend your offer in compromise to include more than the total individual taxpayer liability, if you meet the following requirements: (1) You are a domestic employee or the taxpayer's spouse or minor child; (2) You have filed Form 1340 as a foreign taxpayer, and filed an amended return on Form 636 to correct that error; and (3) You have filed two or more corrected returns on Form 636 and filed one or more Form 636-EZ. If you are not eligible to amend your offer in compromise, you will not be able to file either the 2025 or the 2025 federal tax returns. (d) Any additional tax owed on a federal return as a result of the taxpayer's eligibility for the offer in compromise program will not be refundable. (e) The taxpayer must meet all the requirements identified in the IRS's Handbook on Incompetent or Undue Hardship Taxpayers to be eligible for the offer in compromise program. The offer in compromise program is only available to taxpayers filing federal individual income tax returns from November 5, 2020, through December 31, 2022. Offer In Compromise New Mexico, Texas, and West Alabama IRS Offer In Compromise Program June 16, 2025 — The next Offer In Compromise program will be offered to taxpayers in New Mexico, Texas, and West Alabama who are eligible from November 5, 2020, through June 16, 2021. The Program will be available to taxpayers who are not eligible for the Offer in Compromise Program provided that they have a valid Form 4487, and the Form 6156 is complete and the taxpayer has already met all the other requirements.

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