Form OIC B-2 - Business Offer in Compromise Form OIC B-2 - Business Offer in Compromise 2026

1. Click ‘Get Form’ to open it in the editor.
2. Begin by entering your business name and any trading names in the designated fields. Ensure accuracy as this information is crucial for identification.
3. Fill in your business address, including street, city, state, and zip code. This helps establish your business's location for tax purposes.
4. Provide the contact name, title, and telephone number of a representative who can discuss this offer with the tax department.
5. Enter your Virginia Account Number or Federal Employer Identification Number to link your offer to the correct account.
6. Select the basis for your offer by checking the appropriate boxes and attaching detailed explanations as required.
7. Indicate your proposed payment amount and terms clearly. Choose between full payment or installment options based on what suits your situation best.
8. Complete the power of attorney section if you are designating someone to act on behalf of your business regarding this offer.
9. Sign and date the form at the bottom, ensuring that both taxpayer and representative signatures are included if applicable.

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