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Get Offer In Compromise Of Tax Liabilitydepartment Of Revenue - Coloradooffer In Compromise Instruction
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How to fill out the Offer In Compromise Of Tax Liability Department Of Revenue - Colorado Offer In Compromise Instruction online
This guide provides detailed, step-by-step instructions for users looking to complete the Offer In Compromise of Tax Liability form for the Colorado Department of Revenue. Whether you are familiar with tax forms or not, this resource will help you navigate the process with clarity and confidence.
Follow the steps to complete your Offer In Compromise form.
- Click ‘Get Form’ button to obtain the Offer In Compromise form. This will allow you to access the necessary document for completion.
- Begin by filling out your personal information. Ensure your name, social security number, and contact details are accurate.
- Next, outline your financial situation. This section requires detailed information about your income, expenses, assets, and liabilities. Be thorough and provide all necessary documentation to support your claims.
- Calculate your Reasonable Collection Potential (RCP) using the appropriate worksheets included in your instructions. This calculation will determine your offer amount.
- Prepare the required down payment, which is typically 20% of your offer amount, ensuring it is made via certified funds or credit card.
- Review the completed form and all supporting documents. Ensure everything is accurate to avoid delays in processing your application.
- Finally, submit your Offer In Compromise application along with the down payment and all accompanying documents to the designated address listed in the form instructions.
Start completing your Offer In Compromise form online today to take the first step towards resolving your tax liabilities.
Colorado DOR does have an Offer in Compromise (OIC) program, which allows qualifying taxpayers to settle for a lesser amount. The CO-DOR Offer in Compromise program is similar to the IRS. In fact, be prepared to provide proof of your IRS accepted Offer in Compromise.
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