Form Boe-490-C - Offer In Compromise Application Page 3

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real Property Information
suspend collection activity. If delaying collec­
tion activity jeopardizes our ability to collect the
Mortgage statements, escrow settlement state­
amount you owe, we may continue with collection
ments, or copies of grant deeds for any property
efforts.
currently owned, sold, or gifted in the last five
years.
The following documentation must be submitted
with the OIC Application. Please submit copies
Vehicle Information
only. We will not return any documentation that
Copies of loan/lease statements for all vehicles.
you send us. Additional documentation may be
required and requested as the evaluation of the
IrS/ftB/edd Information
OIC proceeds. Your OIC must include the
Complete copies of Internal Revenue Service (IRS)
following:
and Franchise Tax Board (FTB) returns for the
• Completed OIC application
last three years filed. Please include all attached
schedules. If applicable, copy of IRS, FTB, or
• All required documentation to support the OIC
Employment Development Department (EDD) OIC
LISt Of reQuIred ItemS
and acceptance letter or documentation of other
Please read the required Privacy Notice
IRS/FTB/EDD arrangements.
(BOE-324-OIC)
Legal documents
Verification of Income and expenses
Copies of judgments, pending lawsuits, trust
Year-to-date income and expense statements,
documents, and bankruptcy documents.
cash flow statements, profit and loss statements,
Power of Attorney
a balance sheet, and any other related docu­
ments. If the entity is subject to annual audit,
A power of attorney is required if a designated
representative submits this offer or if you want
please submit audited financial statements.
us to direct questions or requests for information
Bank Information
to your representative. Use BOE-392, Power of
Bank statements for all savings, checking, and
Attorney.
investment accounts held within the last twelve
Please submit your completed and signed appli­
months. Final statement for any accounts closed
cation to the BOE representative handling your
within that time. Investment account statements
account.
showing the value of stocks, bonds, and mutual
funds.
Current Lease or rental Agreements
Include all lease agreements, including property
where you are the lessor or lessee.
4
OFFER IN COMPROMISE APPLICATION

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Parent category: Financial