Form Ct-656 - Offer Of Compromise printable pdf download

Department of Revenue Services

Form CT-656

Collections & Enforcement

Offer of Compromise

25 Sigourney Street

Hartford CT 06106

Rev. 03/08

Requirements

4. By submitting this offer, you are authorizing DRS, at its

discretion, to obtain copies of your consumer credit reports

1. For a partnership: Each partner must complete an

for the purpose of evaluating this application before,

application.

during, and subsequent to any agreement.

For a corporation: Complete one application providing

5. While you are not required to submit a payment with

corporate information. Corporate ofﬁ cers may be required

your offer of compromise, any payment will be deposited

to provide additional personal ﬁ nancial records.

by DRS and applied to your tax liability in accordance

2. Complete the entire application; do not leave any questions

with Conn. Gen. Stat. §12-39h. Your payment will not be

unanswered. Write the words No or None where applicable.

returned or refunded to you if you withdraw your offer or if

Return the application with all required attachments to the

your offer is rejected. The deposit by DRS of any payment

Department of Revenue Services (DRS) at the address

you make does not constitute acceptance, conditional or

above.

otherwise, of your offer by DRS.

3. If you cannot include all the requested information in the

6. After your offer is conditionally accepted, but before

spaces provided on the application, attach additional

you have paid the full amount of your offer, including

sheets as appropriate.

any accrued interest, you will return to DRS, uncashed,

any refund check issued to you and relating to a tax

4. Each applicant must provide copies of the following:

overpayment reported on any Connecticut tax return. The

• Last two federal income tax forms and returns for

amount of the refund check will be applied to the amount

the corporation and corporate ofﬁ cers, proprietor, or

of your offer.

partnership and partners ﬁ led with the Internal Revenue

Service. Include all supporting schedules, W-2 or 1099

7. By making your offer of compromise, you irrevocably and

forms, or any other attachments;

conclusively waive any and all rights and remedies you

• Current consumer credit report;

have to contest, in court or otherwise, your liability for the

amount of your offer if your offer is conditionally accepted

• All information related to salary, draws, and loans to

by DRS. If DRS rejects your offer or you withdraw your

the proprietor, partners, or corporate ofﬁ cers; and

offer before it is rejected or conditionally accepted by DRS,

• Proﬁ t and loss statements for the two most recent

you retain any rights and remedies, to the extent they have

years.

not lapsed or been exhausted, to contest your liability for

5. If you ﬁ led for bankruptcy within the past ﬁ ve years, provide

the amount of your offer.

a copy of the discharge notice.

8. If DRS conditionally accepts your offer, then, upon your full

Terms and Conditions

and complete satisfaction of the terms in this paragraph,

acceptance of your offer by DRS is ﬁ nal.

1. Upon receipt of your offer of compromise, DRS will either

reject or conditionally accept your offer.

a. You pay the full amount of your offer and any accrued

2. If DRS conditionally accepts your offer, ﬁ nal acceptance of

interest;

your offer by DRS is conditioned on your full and complete

b. After your offer is conditionally accepted but before you

satisfaction of the terms and conditions in Paragraph 8.

have paid the full amount of your offer, including any

If you fail to satisfy fully and completely these terms

accrued interest, you timely ﬁ le all required Connecticut

and conditions, your tax liability reverts to its original

tax returns that become due;

amount (prior to the conditional acceptance of your offer

c. After your offer is conditionally accepted but before

of compromise), and DRS may, without further notice,

you have paid the full amount of your offer, including

immediately take whatever steps necessary to collect the

any accrued interest, you do not begin a voluntary

unpaid portion of your original tax liability.

bankruptcy case by filing a petition with the U.S.

3. DRS will reject your offer of compromise if at the time your

Bankruptcy Court under Title 11 of the U.S. Code, and

offer is made:

another person does not ﬁ le an involuntary bankruptcy

• You have not filed all required Connecticut tax

case against you; and

returns;

d. You have not misrepresented, with fraudulent intent,

• You are being criminally prosecuted for a Connecticut

your ability to pay your original tax liability. If DRS

tax liability; or

determines you fraudulently misrepresented your

• You have begun a voluntary bankruptcy case by

ability to pay your original tax liability, your tax liability

ﬁ ling a petition with the U.S. Bankruptcy Court under

will revert to its original amount prior to the conditional

Title 11 of the U.S. Code, and another person has ﬁ led

acceptance of your offer.

an involuntary bankruptcy case against you.

Form Ct-656 - Offer Of Compromise

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