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The document outlines the Form OIC-Fee from the Virginia Department of Taxation, which is used to apply for an Offer in Compromise based on doubtful collectibility. It details the submission process, including a $50 fee requirement, conditions for fee waivers for individuals and businesses, and necessary documentation to support the claim. The form also includes instructions for filing an offer in compromise, eligibility criteria, and required financial statements to demonstrate inability to pay tax liabilities.
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  1. Click ‘Get Form’ to open the OIC-Fee form in the editor.
  2. Begin by entering your name(s) in the designated field, followed by your Virginia Account Number (SSN or FEIN).
  3. Fill in your address and daytime telephone number(s) to ensure accurate contact information.
  4. Provide your email address for any correspondence regarding your submission.
  5. If applicable, enter the contact name for businesses and ensure that a $50.00 submission fee is attached.
  6. For individuals seeking a fee waiver, check the appropriate box and certify that you meet the exemption conditions.
  7. Complete all required fields in the Financial Statement for Individuals (Form FIN I-1) as instructed, ensuring accuracy.
  8. Review all entries for completeness before submitting your offer package to the Virginia Department of Taxation.

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