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