Instructions For Offer Of Compromise - Requirements Form Ct-656
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1Department of Revenue Services
Form CT-656
State of Connecticut
Offer of Compromise
25 Sigourney Street
Hartford CT 06106
Rev. 09/04
Requirements
4. While you are not required to submit a payment with your
offer of compromise, any payment will be deposited by DRS
1. For a partnership: Each partner must complete an
and applied to your tax liability in accordance with Conn.
application.
Gen. Stat. §12-39h. Your payment will not be returned or
refunded to you if you withdraw your offer or if your offer is
For a corporation: Complete one application providing
rejected. The deposit by DRS of any payment you make
corporate information. Corporate officers may be required
does not constitute acceptance, conditional or otherwise,
to provide additional personal financial records.
of your offer by DRS.
2. Complete the entire application; do not leave any questions
5. After your offer is conditionally accepted, but before you
unanswered. Write in the words No or None where
have paid the full amount of your offer, including any accrued
applicable. Return the application to the Department of
interest, you will return to DRS, uncashed, any refund check
Revenue Services (DRS) with all required attachments.
issued to you and relating to a tax overpayment reported
3. If you cannot include all the requested information in the
on any Connecticut tax return. The amount of the refund
spaces provided on the application, attach additional sheets
check will be applied to the amount of your offer.
as appropriate.
6. By making your offer of compromise, you irrevocably and
4. Each applicant must provide copies of the following:
conclusively waive any and all rights and remedies you have
to contest, in court or otherwise, your liability for the amount
• Last two federal income tax forms and returns for the
of your offer if your offer is conditionally accepted by DRS.
corporation and corporate officers, proprietor, or
If DRS rejects your offer or you withdraw your offer before it
partnership and partners filed with the Internal Revenue
is rejected or conditionally accepted by DRS, you retain
Service. Include all supporting schedules, W-2 or 1099
any rights and remedies, to the extent they have not lapsed
forms, or any other attachments;
or been exhausted, to contest your liability for the amount
• Current consumer credit report;
of your offer.
• All information related to salary, draws, and loans to the
proprietor, partners, or corporate officers; and
7. If DRS conditionally accepts your offer, then, upon your full
• Profit and loss statements for the two most recent years.
and complete satisfaction of the terms in this paragraph,
acceptance of your offer by DRS is final.
5. If you filed for bankruptcy within the past five years, provide
a copy of the discharge notice.
a. You pay the full amount of your offer and any accrued
interest;
Terms and Conditions
b. After your offer is conditionally accepted but before you
have paid the full amount of your offer, including any
1. Upon receipt of your offer of compromise, DRS will either
accrued interest, you timely file all required Connecticut
reject or conditionally accept your offer.
tax returns that become due;
2. If DRS conditionally accepts your offer, final acceptance of
c. After your offer is conditionally accepted but before you
your offer by DRS is conditioned on your full and complete
have paid the full amount of your offer, including any
satisfaction of the terms and conditions in Paragraph 7. If
accrued interest, you do not begin a voluntary bankruptcy
you fail to satisfy fully and completely these terms and
case by filing a petition with the U.S. Bankruptcy Court
conditions, your tax liability reverts to its original amount
under Title 11 of the U.S. Code, and another person does
(prior to the conditional acceptance of your offer of
not file an involuntary bankruptcy case against you; and
compromise), and DRS may, without further notice,
d. You have not misrepresented, with fraudulent intent, your
immediately take whatever steps necessary to collect the
ability to pay your original tax liability. If DRS determines
unpaid portion of your original tax liability.
you fraudulently misrepresented your ability to pay your
3. DRS will reject your offer of compromise if at the time your
original tax liability, your tax liability will revert to its
offer is made:
original amount prior to the conditional acceptance of
your offer.
•
You have not filed all required Connecticut tax returns;
•
You are being criminally prosecuted for a Connecticut
tax liability; or
•
You have begun a voluntary bankruptcy case by filing a
petition with the U.S. Bankruptcy Court under Title 11 of
the U.S. Code, and another person has filed an involuntary
bankruptcy case against you.
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