CT DRS CT-656 2008 free printable template
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Department of Revenue Services Collections Enforcement 25 Sigourney Street Hartford CT 06106 Form CT-656 Offer of Compromise Rev. 03/08 Requirements 1. Automobiles Furniture and Fixtures Machinery and Equipment Other Personal Property Type of Property Outstanding Liens E. Government and Marketable Securities Description Number of Shares/ Face Value of Bonds In Name of Market Value Source of F. Receivables Trade receivables loans to of cers etc. Applicant s Signature CT-656 Back Rev. 03/08....
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How to fill out CT DRS CT-656
How to fill out CT DRS CT-656
01
Obtain the CT-656 form from the Connecticut Department of Revenue Services website or office.
02
Fill in the taxpayer's name, address, and Social Security Number or Federal Employer Identification Number at the top of the form.
03
Indicate the type of income you are reporting, and specify the corresponding tax year.
04
Complete the sections regarding tax credits, deductions, and any other relevant information as required in the form.
05
Review all information for accuracy and completeness before submitting.
06
Sign and date the form as required.
Who needs CT DRS CT-656?
01
Individuals or businesses that have incurred expenses eligible for tax credits in Connecticut.
02
Those filing state income taxes and seeking to claim specific deductions or credits outlined in the CT-656 form.
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People Also Ask about
How do I request a penalty waiver in CT?
In order to request a penalty waiver, you must complete and submit Form DRS-PW Request for Waiver of Civil Penalty through myconneCT (for available taxes); by mail (to the address below); or fax to 860-297-5727 (ATTN: Operations Bureau/Penalty Waiver).
What does offer of compromise mean?
An offer of compromise is essentially a formal offer to settle a proceeding made in ance with the relevant court rules.
How does an offer in compromise work?
An offer in compromise (OIC) is an agreement between a taxpayer and the Internal Revenue Service that settles a taxpayer's tax liabilities for less than the full amount owed. Taxpayers who can fully pay the liabilities through an installment agreement or other means, generally won't qualify for an OIC in most cases.
What is the plaintiff's offer of compromise?
An offer to compromise is a written pretrial offer by the plaintiff to settle a civil lawsuit for a specific amount of money.
What is an example of an offer of compromise?
Example: Plaintiff X has made a demand for $100,000.00. Defendant Y is almost certain that it will prevail at trial on the issue of liability. As a result, Defendant Y files an offer of compromise for $10,000, the approximate amount Defendant Y reasonably believes it will cost to try the case.
What is the legal offer of compromise?
An offer in compromise allows you to settle your tax debt for less than the full amount you owe. It may be a legitimate option if you can't pay your full tax liability or doing so creates a financial hardship.
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What is CT DRS CT-656?
CT DRS CT-656 is a tax form used in Connecticut for reporting certain tax information for businesses operating in the state.
Who is required to file CT DRS CT-656?
Businesses that have certain types of income or tax liabilities in Connecticut are required to file CT DRS CT-656.
How to fill out CT DRS CT-656?
To fill out CT DRS CT-656, obtain the form from the Connecticut Department of Revenue Services website, and provide the required business information and financial data as instructed.
What is the purpose of CT DRS CT-656?
The purpose of CT DRS CT-656 is to provide the state with necessary information about a business’s tax obligations to ensure compliance with state tax laws.
What information must be reported on CT DRS CT-656?
The information that must be reported on CT DRS CT-656 includes business income, expenses, and other relevant financial data as required by the Connecticut Department of Revenue Services.
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