Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Offer In Compromise Reporting Requirements
Reporting Requirements
Treasury is required by law, Revenue Act MCL 205.23a (2), to publish a written report of each accepted Offer in Compromise on its website.
The written report contains, at a minimum, a statement of each of the following:
- amount of tax assessed
- grounds for the compromise
- terms of the compromise
- the amount actually paid in accordance with the terms of the compromise
- amount of interest or assessable penalty imposed by law on the person against whom the tax is assessed