Form OIC B-2 - Business Offer In Compromise - Virginia Tax 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your Business Name and Trading As information in the designated fields. Ensure accuracy as this identifies your business.
3. Fill in your Address, Email Address, and Contact Name along with their Title and Telephone Number. This information is crucial for communication regarding your offer.
4. Input your Virginia Account Number or Federal Employer Identification Number. This helps the tax department locate your records efficiently.
5. Select the basis for your offer by checking the appropriate boxes for waiver of penalty or doubtful liability, and attach detailed explanations as required.
6. Indicate the total amount you are offering to pay and specify whether it will be a full payment or installment plan, detailing amounts and duration.
7. Grant power of attorney if applicable by filling out the representative's details, ensuring they can act on behalf of your business.
8. Sign and date the form at the bottom, ensuring both taxpayer and representative signatures are included if necessary.
9. Attach all required documentation as outlined in the instructions before submitting your completed form to ensure a smooth process.

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