IRS Form 3040 Authorization to Apply Offer in Compromise Deposit to Liability

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.

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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.

Download IRS Form 3040 Authorization to Apply Offer in Compromise Deposit to Liability

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  • IRS Form 3040 Authorization to Apply Offer in Compromise Deposit to Liability, Page 1
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