An Offer in Compromise is a request by a taxpayer for the Michigan Department of Treasury (Treasury) to compromise an assessed tax liability for less than the full amount. An assessed tax liability includes tax and any related interest and penalty. The Treasury Offer in Compromise program is established pursuant to Public Act (“PA”) 240 of 2014, which amended the Revenue Act, PA 122 of 1941.
A taxpayer may submit an Offer in Compromise if one or more of the following grounds exist:
The State Treasurer has given certain divisions within Treasury authority to accept or reject an offer in compromise. Treasury may accept an offer in compromise with conditions. For instance, an accepted compromise requires a taxpayer to make timely payments under a payment plan, when applicable, and requires timely filing of future tax returns. If a taxpayer does not comply with the conditions, the compromise may be revoked and the entire tax debt may be reinstated. Treasury may then take actions to collect the full reinstated tax debt.
Under the Offer in Compromise program, Treasury may compromise all or part of any outstanding tax debt that is subject to administration under the Revenue Act.