IRS revises OIC form.

A newly revised application for an offer in compromise, the form 656 package--which makes it easier for taxpayers to follow the instructions and correctly apply for an agreement--is now available at www.irs.gov/newsroom/article/0,,id=130491,00.html. It includes Form 656-A, Income Certification for OIC Application Fee, and a worksheet to help taxpayers determine whether they meet the income exception to the $150 fee; a checklist to help them determine whether they are eligible; a third-party designee section, which allows a person other than the taxpayer to discuss any additional information the IRS needs to process the offer; and a summary checklist that reduces the chance the IRS will return the application for omissions.