Offer In Compromise Forms and Documentation Requirements
Learn which forms and supporting documents are required for an Offer in Compromise, including Form 656, 433-A/B, income, expenses, and assets.
Frequently Asked Questions
##### What is Offer in Compromise (OIC) and why is documentation important in the process?
##### What forms do I need to complete for an Offer in Compromise?
##### How do I determine which forms to use for my OIC application?
##### What financial documentation is typically required for an OIC application?
##### How recent must the financial documentation be for an OIC application?
##### What if I can't locate certain financial documents for my OIC application?
##### Are there any documentation requirements for self-employed individuals or businesses applying for an OIC?
##### Can I submit my OIC application electronically, or do I need to mail it to the IRS?
##### How long does it take for the IRS to review an OIC application with all the required documentation?
##### Can I amend my OIC application if I discover errors or omissions in my documentation?
It's crucial to carefully review the IRS guidelines and requirements for Offer In Compromise submissions, as incomplete or inaccurate documentation could lead to delays or denials. Seek professional guidance if you have questions or concerns about the process to increase your chances of a successful OIC application.
The primary form for an OIC is Form 656, Offer in Compromise. Depending on your individual or business situation, you may also need to complete other forms, such as Form 433-A (OIC), Form 433-B (OIC), or Form 656-L, Offer in Compromise (Doubt as to Liability). The specific forms you need will depend on your circumstances.
It's recommended to seek professional tax advice or use the IRS's Pre-Qualifier tool on their website. This tool can help you determine the correct forms to use based on your financial situation and the type of taxes you owe.
Remember that the OIC process can be complex, and providing accurate and complete documentation is crucial to the success of your application. Consulting with a tax professional can help ensure that you meet all requirements and navigate the process effectively.
Request a free consultation with our experts today and take the first step towards achieving your goals.
This content was written and reviewed by the licensed tax attorneys at Victory Tax Lawyers, LLP. Our attorneys specialize in IRS tax relief and are licensed members of the California State Bar with a nationwide practice.
Last Reviewed: 2026 · Meet Our Attorneys →
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