Statutes, codes, and regulations
Oklahoma Administrative Code
Title 710 - Oklahoma Tax CommissionChapter 1 - Administrative OperationsSubchapter 5 - Practice and Procedure
Part 8 - SETTLEMENT OF TAX LIABILITY
Section 710:1-5-85 - Effect of Offer in Compromise by the Internal Revenue Service

Okla. Admin. Code § 710:1-5-85

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Current through Vol. 42, No. 1, September 16, 2024
Section 710:1-5-85 - Effect of Offer in Compromise by the Internal Revenue Service
(a) Acceptance of an Offer in Compromise by the Internal Revenue Service does not automatically guarantee acceptance by the State. An application for a Settlement Agreement tendered to the Commission will be reviewed and evaluated on its own merits.
(b) The federal "Offer in Compromise" form cannot be substituted for the Oklahoma Settlement Agreement Application. However, other documents such as the current financial statements included in a compromise offer submitted to the Internal Revenue Service may also be submitted to the State in support of an application for a Settlement Agreement.

Okla. Admin. Code § 710:1-5-85

Added at 20 Ok Reg 748, eff 3-17-03 (emergency); Added at 20 Ok Reg 2580, eff 7-11-03