Updated Offer in Compromise (OIC) Form 656 Booklet

IRS recently updated Form 656-B, Offer in Compromise Booklet for 2022. The booklet contains all the forms necessary to submit an offer as an individual or business. Tax professionals submitting OICs to IRS must use the most current year version of the booklet in order to avoid processing issues. An updated Spanish version of the form is scheduled for release later this year. Learn more here.