Form Sc656 - Offer In Compromise - State Of South Carolina - Department Of Revenue (Page 2 of 2) in pdf

Item 7

(k) I/we understand that the tax I/we offer to compromise

By submitting this offer, I/we understand and agree to the

is and will remain a tax liability until I/we meet all the

following conditions:

terms and conditions of this offer. If I/we file bankruptcy

before the terms and conditions of this offer are

(a) I/we voluntarily submit all payments made on this

completed, the SCDOR will file a claim for the original

offer.

amount of the tax due, plus all accrued interest and

penalty, less any payment made pursuant to this

(b) SCDOR will apply tax payments to the outstanding

agreement.

liability in the following order: tax penalty, interest and

costs.

(l) Once SCDOR accepts the offer in writing, I/we have

no right to contest, in court or otherwise, the amount of

the tax liability.

Carolina code relating to filing my/our returns and paying

my/our required taxes for five years from the date

(m) If I/we fail to meet any of the terms and conditions of

SCDOR accepts the offer. I further represent that I have

the offer, the offer is in default, then SCDOR will

filed all state returns for the last five years.

disregard the amount of the offer and apply all amounts

already paid under the offer against the original amount

(d) The offer is pending starting with the date the offer in

of tax liability, and levy to collect the original amount of

compromise is date stamped in the Office Services

the tax liability, less any payments without further notice

Division Administrator's Office.

of any kind.

(e) I/we waive and agree to the suspension of any

SCDOR will continue to add interest as provided in SC

statutory periods of limitation (time limits provided for by

Code Section 12-54-25, on the amount SCDOR

law) for SCDOR assessment and collection of the tax

determines is due after default. SCDOR will add interest

liability for the tax periods identified in Item 4.

from the date the offer is defaulted until I/we completely

satisfy the amount owed.

(f) The waiver and suspension of any statutory periods

of limitation for assessment and collection of the amount

Item 8

of the tax liability described in Item 4, continues to apply:

If I/we submit this offer on a substitute form, I/we affirm

while the offer is pending (see (d) above), during the time

that this form is an exact duplicate of the official Form

I/we have not paid all of the amount offered, during the

SC656, and I/we agree to be bound by all the terms and

time I/we have not competed all terms and conditions of

conditions set forth in the official Form SC656.

the offer, and for one additional year beyond each of the

time periods identified in this paragraph.

Under penalties of perjury, I declare that I have examined

this offer, including accompanying schedules and

(g) SCDOR will keep all payments and credits made,

statements, and to the best of my knowledge and belief, it

received or applied to the amount being compromised

is true, correct and complete.

before this offer was submitted. SCDOR may keep any

proceeds from a levy served prior to submission of offer.

If I/we have an installment agreement prior to submitting

(8a)

Signature of Taxpayer

Date

the offer, I/we must continue to make the payments as

agreed while this offer is pending. Installment agreement

payments will not be applied against the amount offered.

(8b)

Signature of Taxpayer

Date

(h) SCDOR will keep any refund, including interest, due

to me/us because of overpayment of any tax or other

Item 9

liability, for tax periods extending through the calendar

If you wish to be represented by someone else you must

year that SCDOR accepts the offer. I/we may not

complete and submit SC2848 Power of Attorney with the

designate a refund, to which the SCDOR is entitled, to be

SC656.

applied to estimated tax payments for the following year.

(If you need more space, use another sheet titled

(i) I/we will return to SCDOR any refund identified in (h)

"Attachment to Form SC656", sign and date it.)

received after submission of this offer.

(j) I/we understand that I/we remain responsible for the

Item 10

full amount of the tax liability unless and until SCDOR

My signature below indicates that the SCDOR has my

accepts the offer in writing and I/we have met all the

permission to conduct a full credit report if necessary.

terms and conditions of the offer. SCDOR will not remove

the original amount of the tax liability from its records until

I/we have met all the terms of the offer.

(10)

Signature of Taxpayer(s)

Date

Form Sc656 - Offer In Compromise - State Of South Carolina - Department Of Revenue Page 2

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