316 NAC 36-017. OFFERS IN COMPROMISE

REG-36-017 OFFERS IN COMPROMISE 017.01 The Department may consider settling a delinquent tax account by means of an offer in compromise for less than the full amount of the liability, if the taxpayer is not disputing the tax, interest, penalties, and costs involved and is not currently in a bankruptcy proceeding. Each offer in compromise for settlement will be considered on its own merits. 017.01A An offer in compromise may be considered in situations where: 017.01A(1) An offer in compromise will resolve the liability, close the account, avoid additional time and expense in collection, or in situations where collection of the account cannot be accomplished by normal collection efforts; or 017.01A(2) The taxpayer does not have, and will not have in the foreseeable future, income, assets, or other means to pay the delinquency. 017.01B Circumstances where an offer in compromise could be considered include, but are not limited to: older unresolved accounts; corporate officer assessments; hardship cases; retired or limited income taxpayers; nonresident taxpayers; and over-assessed or canceled businesses. (Neb. Rev. Stat. §§ 77-2792(3) and 77-3907(2). July 3, 2013.)