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An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer's tax liabilities for less than the full amount owed.
If you owe a tax debt to the Georgia Department of Revenue and cannot afford to pay it all at once, you can request an installment payment agreement to settle your debt over time. Payment plans may not be for longer than 60 months and the minimum monthly payment is $25.
If you owe a tax debt to the Georgia Department of Revenue and cannot afford to pay it all at once, you can request an installment payment agreement to settle your debt over time. Payment plans may not be for longer than 60 months and the minimum monthly payment is $25.
Lump Sum OIC Payment You must submit all payments within five or fewer months after the IRS accepts the offer. When you submit your application, you need to include 20% of your offer plus the application fee. Here is an example of how a lump sum payment works.
To fill out a stock certificate, you fill in the name of the shareholder, the name of the corporation, the number of shares represented by the certificate, the date, and possibly an identification number. There is also a space for a corporate officer to sign on behalf of the corporation and to affix the corporate seal.
The Georgia Department of Revenue's Offer in Compromise program allows a taxpayer to settle a tax liability for less than the total amount owed. Generally, the Department approves an offer in compromise when the amount offered represents the most the Department can expect to collect within a reasonable period of time.
We generally approve an offer in compromise when the amount you offer represents the most we can expect to collect within a reasonable period of time. Explore all other payment options before you submit an offer in compromise.
A corporation that has issued shares and commenced business may dissolve by filing a Notice of Intent to Dissolve pursuant to O.C.G.A. 14-2-1403 and Articles of Dissolution pursuant to O.C.G.A. 14-2-1408. Form CD 410 and CD 412 may be used for this purpose.