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Public Disclosure Form19 January 2018
Partial offer
Disclosure of dealings in the shares of China High Speed Transmission Equipment Group Co., Ltd.
The Executive received the following disclosure
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What is partial offer?
Partial offer is a proposal made by a taxpayer to settle a tax debt for less than the full amount owed.
Who is required to file partial offer?
Any taxpayer who owes a tax debt to the government may file a partial offer.
How to fill out partial offer?
To fill out a partial offer, the taxpayer must complete and submit Form 656, Offer in Compromise, along with all required financial information.
What is the purpose of partial offer?
The purpose of a partial offer is to allow taxpayers who are unable to pay their full tax debt to settle for a lesser amount.
What information must be reported on partial offer?
The taxpayer must report their income, expenses, assets, and debts on the partial offer form.
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