Form R-20212 Offer in Compromise Program - Louisiana

What Is Form R-20212?

This is a legal form that was released by the Louisiana Department of Revenue - a government authority operating within Louisiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form R-20212?A: Form R-20212 is the Offer in Compromise Program in Louisiana.

Q: What is the Offer in Compromise Program?A: The Offer in Compromise Program is a program that allows taxpayers to settle their tax debt for less than the full amount.

Q: Who is eligible for the Offer in Compromise Program in Louisiana?A: Individuals and businesses who owe delinquent taxes to the state of Louisiana may be eligible for the Offer in Compromise Program.

Q: How does the Offer in Compromise Program work?A: Taxpayers submit an offer to the Louisiana Department of Revenue to settle their tax debt. If the offer is accepted, they can pay the agreed-upon amount and have the remaining debt forgiven.

Q: Is there a fee to participate in the Offer in Compromise Program?A: Yes, there is a non-refundable $100 application fee to participate in the Offer in Compromise Program.

Q: What are the benefits of participating in the Offer in Compromise Program?A: The benefits of participating in the Offer in Compromise Program include resolving your tax debt for less than the full amount and avoiding additional penalties and interest.

Q: How long does it take to process an Offer in Compromise?A: The processing time for an Offer in Compromise can vary, but it typically takes several months for the Louisiana Department of Revenue to review and make a decision on the offer.

Q: Can I appeal a rejected Offer in Compromise?A: Yes, if your offer is rejected, you have the right to appeal the decision within 30 days.