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This version of the form is not currently in use and is provided for reference only. Download this version of
Form OIC B-2
for the current year.
Form OIC B-2 Business Offer in Compromise: Penalty Waiver / Doubtful Liability - Virginia
What Is Form OIC B-2?
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form OIC B-2?A: Form OIC B-2 is a Business Offer in Compromise specifically for the state of Virginia.
Q: What does Form OIC B-2 allow you to do?A: Form OIC B-2 allows you to request a Penalty Waiver and/or a Doubtful Liability determination.
Q: What is a Penalty Waiver?A: A Penalty Waiver is a request to have the penalties associated with your tax liability forgiven or reduced.
Q: What is a Doubtful Liability determination?A: A Doubtful Liability determination is a request for the tax authorities to review whether the amount of tax you owe is accurate or in dispute.
Q: Who can use Form OIC B-2?A: Form OIC B-2 is specifically for businesses in the state of Virginia who are seeking a Penalty Waiver and/or Doubtful Liability determination.
Q: Are there any fees associated with submitting Form OIC B-2?A: Yes, there is a non-refundable fee of $35 for submitting Form OIC B-2.
Q: How long does it take to process Form OIC B-2?A: The processing time for Form OIC B-2 may vary, but it typically takes several weeks to months.
Q: Can I submit Form OIC B-2 electronically?A: No, Form OIC B-2 cannot be submitted electronically. It must be completed and mailed to the Virginia Department of Taxation.
Q: Is there a deadline for submitting Form OIC B-2?A: There is no specific deadline for submitting Form OIC B-2, but it is recommended to submit it as soon as possible to address your tax liability concerns.
Form Details:
- Released on September 1, 2016;
- The latest edition provided by the Virginia Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form OIC B-2 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
Download Form OIC B-2 Business Offer in Compromise: Penalty Waiver / Doubtful Liability - Virginia
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