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He submitted an offer in compromise for $4,457 when the balance was $148,745; the IRS rejected it. The FTB, EDD and BOE also have joined forces to simplify the Offer in Compromise application process by developing a single form, DE 999CA, Multi-Agency Form for Offer in Compromise. An Offer in Compromise (Form 656) is an agreement with the IRS that lets you resolve your tax bill for less than you owe; the general rule is at least 14% of the amount owed must be paid. |
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