Connecticut State Taxes and Offer-in-Compromise

Connecticut State Taxes and Offer-in-Compromise

Connecticut State Taxes and Offer-in-CompromiseFor taxpayers unable to pay state taxes in full, the Commissioner of Revenue Services in Connecticut is authorized to accept less than full payment to resolve tax disputes pursuant to State Statute CGS §12-2d. In order to accept a Connecticut State Taxes and Offer-in-Compromise, the taxpayer must show doubt as to liability, doubt as to collectability, or doubt as to both liability and collectability.  This is an extraordinary form of State Tax liability relief and should always be requested with the assistance of an experienced and knowledgeable tax relief specialist.

Understanding the Process

The State Offer-in-Compromise process begins with the proper and complete submission of a Form CT 656a.  All submissions must include two years of federal tax filings with supporting schedules, W-2s or 1099s, credit reports, and pay stubs.  All submissions are either rejected upon receipt or conditionally accepted.  No offer will be conditionally accepted if the taxpayer is under bankruptcy protection, criminally charged for tax liabilities, or has failed to file tax returns.

The taxpayer must also demonstrate that the state tax authorities could not reasonably expect that the taxes could be paid in installments from future income or future acquired assets.

The acceptability of a Connecticut State Offer-in-Compromise depends on a careful examination and calculation of:

  • Assets
  • Liabilities
  • Monthly Income

The calculation of monthly income requires disclosure of all sources of income and the proper calculation of allowable monthly expenses, all of which should be well evidenced and documented along with the Form CT-656(a) Application.  To maximize your chances for a successfully granted
Connecticut Offer-in-Compromise, seek the help of a qualified tax relief attorney like the lawyers at the Law Offices of Neil Crane, LLC.

Call us at 203-230-2233 for a free consultation.  You can also contact us online for a prompt response from a knowledgeable and experienced Connecticut State Tax Offer-in-Compromise attorney.  We have office locations in Hamden, Bridgeport, Ridgefield, Waterbury, New Haven and Rocky Hill, Connecticut.