Even if you are the subject of a tax issue with the Oklahoma Tax Commission, all hope is not lost—there may be an alternative solution available to help you resolve your tax problem. One potential option is to apply for a settlement regarding your debt. In order to take advantage of this option, however, you must ensure that the application is submitted properly.
Ten Common Mistakes in an Application for an Oklahoma State Tax Debt Settlement
What are some of the common mistakes that you, as a taxpayer, might make as you apply for state tax debt settlement? Following is an overview:
- Failing to identify yourself adequately with your name, address, and tax ID number
- Not including the proper signatures
- Including an amount that was already collected in the settlement offer
- Including an amount that is subject to a refund in the settlement offer
- Not sufficiently identifying the amount of your tax liability
- Not including a statement to support the reason for your settlement
- Failing to include your supporting financial statements or other required documentation or submitting an incomplete application
- Not filing the required tax returns
- Being under the jurisdiction of the bankruptcy court
- Failing to submit the required Power of Attorney Form
Applying for a settlement of your state tax debt is not something that you have to do alone—the application process can be confusing and overwhelming for those without experience. We are here to help, as we have helped countless others. Do you want to learn more? Initiate a live chat with one of our representatives today or fill out our online contact form to schedule a free consultation to discuss your specific situation.