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European Parliament 20192024Committee on the Environment, Public Health and Food Safety2021/0164(COD) 12.9.2022COMPROMISE AMENDMENTS 16 Draft opinion Peter Liese (PE736.372v0100) Amending Regulation
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An EN EN compromise amendment refers to a modification or adjustment to an 'Offer in Compromise' made to the IRS, allowing taxpayers to settle their tax liabilities for less than the full amount owed under specific conditions.
Taxpayers who wish to propose a modification to their existing Offer in Compromise, particularly if their financial situation has changed or if new information has come to light that affects their ability to pay.
To fill out EN EN compromise amendments, taxpayers must complete the appropriate IRS forms, provide detailed financial information, and clearly outline the changes being requested in relation to their original offer.
The purpose of EN EN compromise amendments is to allow taxpayers to adjust their previously submitted offers to better reflect their current financial status and ability to pay, ensuring fair treatment under tax laws.
Information that must be reported includes updated financial data, any changes in income, expenses, assets, and liabilities, as well as a statement explaining the reason for the amendment.
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