An offer in compromise is an agreement between the taxpayer and the Department of Revenue to settle a tax liability for less than the full amount owed because the taxpayer is unable to pay the full liability. The Department will generally accept an offer when it is unlikely the Department will collect the tax liability in full, and the offer represents the most the Department can expect to collect over a three to five year time frame.
search the help desk | find articles | submit a request
Not finding answers? Submit a request