- 11 - mailed a letter to petitioners informing them that their fourth offer could not be processed. 3. Petitioners’ Fifth Offer in Compromise On August 24, 1995, respondent received a fifth offer in compromise from petitioners. On September 26, 1995, respondent mailed a letter to petitioners informing them that their fifth offer could not be processed for a variety of reasons, including the following: You didn’t correctly identify the liability(s) that you want to compromise. Please see Form 656, and refer to page 6, “How to Complete Form 656", item 4. You didn’t attach Form 433A, Collection Information Statement for Individuals and/or Form 433B, Collection Information Statement for Businesses. Please fill out a new 433A, the financial information is over a year old. If your wife still owns a business you will need a 433B also. Your tax liability for 1994 must also be listed on the Form 656. 4. Petitioners’ Sixth Offer in Compromise On October 4, 1995, respondent received a sixth offer in compromise from petitioners. On November 1, 1995, respondent mailed a letter to petitioners informing them that their sixth offer could not be processed for the following reason: The amount you offered doesn’t equal or exceed the minimum offer as described on Form 656, page 5, “How to Figure an Acceptable Offer”. You must offer an amount which equals or exceeds the sum of (a) the amount shown on line 30, Form 433-A, Collection Information Statement for Individuals and/or line 27 column D, Form 433-B, Collection Information Statement for BusinessesPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011