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Form OIC I-2 Individual Offer in Compromise: Penalty Waiver / Doubtful Liability - Virginia
What Is Form OIC I-2?
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form OIC I-2?
A: Form OIC I-2 is the Individual Offer in Compromise: Penalty Waiver/Doubtful Liability form.
Q: What is the purpose of Form OIC I-2?
A: The purpose of Form OIC I-2 is to request a penalty waiver or offer a settlement for a doubtful tax liability.
Q: Who can use Form OIC I-2?
A: Individual taxpayers can use Form OIC I-2.
Q: What does a penalty waiver mean?
A: A penalty waiver means that the taxpayer is requesting the IRS to waive the penalties associated with their tax liability.
Q: What is a doubtful liability?
A: A doubtful liability refers to a tax liability that the taxpayer believes they may not be able to pay in full.
Q: Is Form OIC I-2 specific to Virginia?
A: No, Form OIC I-2 is not specific to Virginia. It is used for federal tax purposes and can be used by taxpayers across the United States.
Q: Does Form OIC I-2 guarantee a penalty waiver or settlement?
A: No, submitting Form OIC I-2 does not guarantee a penalty waiver or settlement. The IRS will review the request and make a decision based on the taxpayer's individual circumstances.
Form Details:
- Released on February 1, 2023;
- The latest edition provided by the Virginia Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form OIC I-2 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
Download Form OIC I-2 Individual Offer in Compromise: Penalty Waiver / Doubtful Liability - Virginia
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