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IRS Form 3040 Authorization to Apply Offer in Compromise Deposit to Liability
What Is IRS Form 3040?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on August 1, 2005. As of today, no separate filing guidelines for the form are provided by the IRS.
FAQ
Q: What is IRS Form 3040?
A: IRS Form 3040 is the Authorization to Apply Offer in Compromise Deposit to Liability form.
Q: What is an Offer in Compromise?
A: An Offer in Compromise is an agreement between a taxpayer and the IRS that settles the taxpayer's tax liabilities for less than the full amount owed.
Q: What is the purpose of IRS Form 3040?
A: The purpose of IRS Form 3040 is to authorize the IRS to apply the deposit made with an Offer in Compromise towards the taxpayer's tax liability.
Q: When should IRS Form 3040 be used?
A: IRS Form 3040 should be used when a taxpayer has made a deposit with an Offer in Compromise and wants to apply that deposit towards their tax liability.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 3040 through the link below or browse more documents in our library of IRS Forms.
