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  • Form Oic I-2 - Individual Offer In Compromise - Virginia Tax

Get Form Oic I-2 - Individual Offer In Compromise - Virginia Tax

Virginia Department of TaxationForm OIC I2INDIVIDUAL OFFER IN COMPROMISE: PENALTY WAIVER / DOUBTFUL LIABILITYPlease read the instructions carefully before completing this form.Name(s) Address Email.

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If you make $150,000 a year living in the region of Virginia, USA, you will be taxed $45,924. That means that your net pay will be $104,076 per year, or $8,673 per month.

That means that your net pay will be $97,630 per year, or $8,136 per month. Your average tax rate is 30.3% and your marginal tax rate is 35.5%.

You can submit an offer on taxes owed individually and for your business. You'll have to pay an application fee of $205 and make offer payments (based on the method you choose) with your offer submission, unless you meet certain low-income guidelines, which are in the IRS OIC Booklet.

Virginia state income tax rates are 2%, 3%, 5% and 5.75%. Virginia state income tax brackets and income tax rates depend on taxable income and residency status.

An offer in compromise (OIC) is a proposal to settle your tax bill for less than the full amount due. We can consider offers in compromise from individuals and businesses for the following reasons: Waiver of penalties over $2,000 if extenuating circumstances kept you from filing or paying your taxes on time.

That means that your net pay will be $110,956 per year, or $9,246 per month. Your average tax rate is 30.7% and your marginal tax rate is 31.2%.

If you make $100,000 a year living in the region of Virginia, USA, you will be taxed $27,451. That means that your net pay will be $72,550 per year, or $6,046 per month.

candidate? The Offer in Compromise (OIC) Program is for taxpayers that do not have, and will not. have in the foreseeable future, the income, assets, or means to pay their tax liabilities. This program allows a taxpayer to offer a lesser amount for payment of a nondisputed. final tax liability.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232