The January 2015 revision of IRS Form 656-B, Offer in Compromise Booklet, is now available for download and use. This booklet contains all the current forms and instructions for submitting an Offer in Compromise application. If you use an earlier revision, you may experience delays in the processing and evaluation of your offer application.
General information about the Offer in Compromise program is available at IRS.gov. You or your representative can get a preliminary indication of whether you qualify for an Offer in Compromise by using the IRS Offer in Compromise Pre-Qualifier tool. If you are a good offer candidate, the tool will also provide a preliminary offer amount. You will find a link to the tool on the IRS Offer in Compromise Web page.
If an Offer in Compromise is not a viable option for you, visit IRS.gov/payments for other payment options.