Settlement Offer Application Form - Oregon Department Of Revenue Page 2
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16General information
Introduction
What to include in your settlement offer
It must include:
Some taxpayers owe more tax than they can pay. If
you’re in this situation, we may be able to help you
• The completed and signed application. If your offer
settle your tax debt by paying less than you owe. This
isn’t signed, we’ll return it without processing. You
is called a settlement offer.
may resend the signed offer.
The settlement offer process isn’t easy and it won’t
• All supporting documentation (see page 6).
work for everyone; however, it may be worth applying
• The Tax Information Authorization and Power of Attorney
for if you can prove you don’t have enough money to
for Representation form if you want someone to repre-
it pay off.
sent you during the settlement offer (page 15).
• A nonrefundable payment that is 5 percent of the
Conditions for qualifying
settlement offer amount. Payment must be money
To qualify for a settlement offer, you must meet all of
order, cashier’s check, or cash.
these conditions:
If you don’t include payment, we’ll return your offer
• You’re not appealing any tax debts.
without processing it. You may resend the applica-
tion with your payment.
• You must have filed all required Oregon tax returns
for all tax years and all tax types.
What to expect after you submit your application
• You haven’t completed another settlement offer since
• If your application is complete, we’ll review it and
October 1, 2001.
usually accept or deny it within 30 days. We’ll notify
• You must show that you cannot sell assets or borrow
you in writing of our decision.
against them to pay your tax debt.
If your application is incomplete or inaccurate, we
• You must show that you don’t have enough monthly
may send it back to you or ask you to send us more
information. This will delay our review.
income or assets to pay your tax debt in full.
• We’ll continue collection action on your debt while
• You’re not in bankruptcy or in litigation.
we review your application. Such action may include
garnishing your wages, placing property liens, and
Before you start
seizing property.
It will take you at least three hours to complete the
application. You must locate and copy many documents
Settlement offer acceptance
(bank statements, pay stubs, lease agreements, deeds,
• If we accept your settlement offer, you must pay the
etc) to include with your application (see page 6).
amount in full within 10 days.
Not everyone who applies for a settlement offer will
• If you can’t pay the entire amount at one time, you
qualify. To determine your chances, ask yourself these
may ask for a payment plan to pay it off in six equal
questions:
monthly payments.
1. Do you receive Social Security income, Social
• We’ll accept credit or debit card, check, money order,
Security disability, pension payments, or public
cashier’s check, or cash.
assistance?
• You can never have another settlement offer.
2. Are you over age 60?
Settlement offer denial
3. Are your total assets worth more than $5,000?
If we deny your settlement offer:
4. Is your only asset your home?
• You can’t appeal our decision.
5. Is your tax debt older than seven years?
• We’ll apply your 5-percent payment to your tax debt.
If you answered yes to two or more questions, call
503-945-8824 for more information. Otherwise, con-
• You may file another application with a 5-percent
payment.
tinue filling out the settlement offer application.
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