Free Illinois Icb 2 Template

Detailed Guide for Filling Out Illinois Icb 2

Filling out the Illinois ICB-2 form is an important step for individuals or entities that seek a resolution for a tax dispute regarding a proposed assessment or claim denial through the Informal Conference Board (ICB). This process facilitates an avenue for settlement by presenting a written offer, under conditions where the facts or law may not be clear-cut. Detailing the steps to correctly complete this form ensures the ICB has all the necessary information to make an informed decision on your offer.

1. Step 1: Identify yourself, your business, or your organization:
   • 1. Write the taxpayer's name.
   • 2. Fill in the current address including street, city, state, and ZIP code.
   • 3. Provide a daytime phone number and a fax number.
   • 4. Indicate the contact person (for businesses or organizations).
   • 5. Enter the Social Security number (SSN) or Federal employer identification number (FEIN) as applicable.
   • 6. Provide the account ID and license number if available.
   • 7. Enter the audit ID or track number from the notice received.
   • 8. If represented, include the representative’s name along with their daytime phone and fax numbers.
2. Step 2: Provide the following information:
   • 1. State the amount of your offer in a specific net dollar amount.
   • 2. Write down any penalty type(s) and the amount of penalty you are addressing.
   • 3. Identify all issues to be conceded, in part or in whole, and attach additional sheets if necessary. Include both the total and offered dollar amounts for each issue.
   • 4. Thoroughly explain why the ICB should accept your offer. Be as detailed as possible, citing all relevant factual and legal bases. Attach additional sheets if needed.
3. Step 3: Signing the form:
   • 1. The form must be signed and dated by the taxpayer or their authorized representative. If applicable, include the title.
   • 2. Make sure the printed name is clear, and if you're signing on behalf of a corporation, include the duly authorized officer's name.
   • 3. The taxpayer’s representative must also sign and date, indicating their title if applicable, under a valid power of attorney.

After you've filled out the form accurately, it can be submitted along with Form ICB-1 for review by the Informal Conference Board. Ensure all the information is precise to facilitate a smooth resolution process. The ICB will notify you in writing regarding the acceptance, rejection, or request for modification of your offer. This step is crucial for resolving your tax dispute efficiently and favorably. Should you have any questions or need further assistance during the process, contacting the ICB directly can provide additional support.

1. What is the Illinois ICB-2 form used for?

   The Illinois ICB-2 form is utilized when you're interested in making an offer of disposition to the Informal Conference Board (ICB) in order to settle a tax dispute. This could pertain to a proposed assessment or claim denial. This process is for cases where there's genuine uncertainty regarding the facts or law, and a resolution would best serve the interests of the State at that time.

2. Who should not complete this form?

   If your aim is to make an offer in compromise based solely on your inability to pay the tax liability, this form is not intended for you. Instead, you should file a petition with the Board of Appeals after a final tax assessment has been issued.

3. What must be included in Step 1 of the form?

   In Step 1, you need to provide personal, business, or organization identification details. This includes your name, address, contact info, Social Security number (SSN) or Federal Employer Identification Number (FEIN), Account ID, License no., and the audit ID or track number from the notice you received. If a representative will act on your behalf, their details are also required.

4. What information is required in Step 2 of the form?

   Step 2 asks for the specifics of your offer to the ICB. This includes the amount you're offering to settle the tax dispute, any penalties for which you're seeking a waiver, and a detailed list of issues you're conceding to or disputing. Additionally, you need to provide a thorough explanation for why the ICB should accept your offer, including factual and legal bases to support your position.

5. How does the ICB evaluate offers?

   The ICB reviews each offer to determine if resolving the dispute aligns with the best interests of the department and if there's legitimate uncertainty around the facts or laws involved in the case. Your offer can be accepted, rejected, or countered, based on their evaluation.

6. Are there any special instructions regarding the form's submission?

   Form ICB-2 must be properly signed and dated either by you or your representative. It's crucial to include all required details in your submission. The form may be submitted alongside Form ICB-1, Request for Informal Conference Board Review, if applicable. Incomplete or improperly signed forms will not be considered by the ICB.

7. Can information provided in Form ICB-2 be used against me in future proceedings?

   No, statements made in the completion of Form ICB-2 are considered part of good faith negotiations and are not admissible against you in any subsequent proceedings regarding the matter in dispute.

8. What happens after I submit the form?

   After submission, you will receive a written notification of the ICB's decision regarding your offer. The decision could include acceptance, rejection, or a counter-offer based on their assessment of your situation.

9. Where do I send the completed ICB-2 form?

   The completed form should be sent to the Informal Conference Board at the Illinois Department of Revenue located at 100 W. Randolph, #7-341, Chicago, IL 60601, unless it is submitted along with Form ICB-1.

10. What should I do if I need help completing the form?

    If you require assistance or have any questions when completing the form, you can reach out to the ICB directly at 312 814-1722. Additional information and guidance are also available on the Illinois Department of Revenue's website, including access to 86 Ill. Adm. Code Part 215, Informal Conference Board regulations.

When completing the Illinois Department of Revenue ICB-2 form, which is an Offer of Disposition of a Proposed Assessment or Claim Denial, people often make several common mistakes. These errors can delay the review process or affect the outcome of their offer. It's important to fill out this form with attention to detail and accuracy. Below are four common mistakes individuals make:

1. Not fully identifying themselves or their business: It's crucial to provide all required identification details such as the taxpayer’s name, the current address including street address, city, state, ZIP, contact person (for business or organization), Social Security number (SSN), Federal employer identification number (FEIN), Account ID, and license number. Missing information can lead to processing delays or inability to properly consider the offer of disposition.

2. Omitting the audit ID or track number: The form requests the audit ID or track number from the notice received. This is essential for the Informal Conference Board (ICB) to identify the case. Skipping this detail can prevent the form from being matched with the appropriate case, possibly leading to rejection of the offer.

3. Incomplete information on the offer amount and issues to be conceded: The form requires specific net dollar amounts for the offer and details about penalties, issues to be conceded, and the total dollar amounts associated with each issue. Providing vague amounts or incomplete details about the issues can weaken the position or cause misunderstandings about the offer's scope.

4. Failing to thoroughly explain the reasons for the offer: One of the most critical sections is explaining why the ICB should accept your offer of disposition. This includes providing a factual and legal basis to support your position. Incomplete explanations or failing to attach necessary documentation can result in the offer not being fully understood or appreciated by the ICB.

By avoiding these common mistakes, filers can ensure their offer of disposition is properly reviewed by the Illinois Department of Revenue's Informal Conference Board.

When navigating through the complexities of resolving tax disputes in Illinois, particularly with the Illinois Department of Revenue, it's essential to be well-prepared with the necessary forms and documents. The ICB-2 form is a critical document for those making an offer of disposition to the Informal Conference Board (ICB) to settle a tax dispute, but it's often not the only document required in the process. Below is a list of other forms and documents that are commonly used alongside the ICB-2 form, each playing its unique role in the resolution process:

• ICB-1 Form: Request for Informal Conference Board Review - This form initiates the process by requesting a review from the ICB. It's the precursor to the ICB-2 form, providing initial details about the taxpayer and the dispute.
• Power of Attorney (IL-2848): - If a taxpayer is represented by an attorney, accountant, or other individual, this form authorizes that representation, allowing the designated person to communicate with the Department of Revenue on the taxpayer's behalf.
• Notice of Proposed Deficiency or Claim Denial: - This is the document that the taxpayer receives from the Illinois Department of Revenue indicating a proposed assessment or claim denial, sparking the need for forms like the ICB-1 and ICB-2.
• Documentary Evidence: - Attachments and additional sheets that support the taxpayer's position or offer of disposition, as mentioned in the ICB-2 form. These could include financial statements, tax returns, or other relevant documents that substantiate the taxpayer's arguments.
• Revised Offer or Counteroffer Documents: - If the initial ICB-2 offer is not accepted, taxpayers may need to submit additional documentation to support a revised offer or to respond to a counteroffer from the ICB.
• Final Disposition Agreement: - Once an agreement is reached, both parties will sign a final agreement document that outlines the terms of the disposition, closing the dispute.

Understanding the purpose and requirements of each form and document is crucial in efficiently navigating the process of resolving tax disputes with the Illinois Department of Revenue. It's always best to review each document carefully and ensure accurate and complete information is provided to facilitate a smoother resolution process. When dealing with such matters, being meticulous and well-prepared can significantly influence the outcome in favor of a fair and reasonable resolution.

• Form ICB-1, Request for Informal Conference Board Review: Similar to the ICB-2 form, the ICB-1 form is also used in Illinois for resolving tax disputes with the Department of Revenue. While ICB-2 is an offer of disposition for a proposed assessment or claim denial, ICB-1 initiates the request for a review by the Informal Conference Board. Both forms are part of the process for taxpayers seeking to resolve disputes without proceeding to formal legal challenges.

• Form IL-1040-X, Amended Individual Income Tax Return: This form shares similarities with the ICB-2 form in that it's used by taxpayers to correct or amend previously filed tax returns. Both forms involve a process whereby taxpayers present information to the Illinois Department of Revenue to adjust tax liability. However, IL-1040-X is specifically for amending individual income taxes, while ICB-2 relates to broader tax dispute resolutions.

• Form IDOR-1, Taxpayer's Statement of Intent (TSI): The TSI is used by taxpayers to communicate their intention to comply with tax obligations or to settle tax debts. Like the ICB-2 form, it involves an element of negotiation between the taxpayer and the Illinois Department of Revenue. Each form requires taxpayers to provide detailed information to support their case or position.

• Offer in Compromise (OIC) Application: Similar to the ICB-2, an OIC application is designed for taxpayers to settle their tax debts for less than the full amount owed. Both documents are used in situations where there is a dispute or inability to pay the full tax liability. However, the key difference is the OIC's focus on inability to pay, while ICB-2 is specific to resolving disputes related to proposed assessments or claim denials with the possibility of uncertainty in facts or law.

When completing the Illinois ICB-2 form, Offer of Disposition of a Proposed Assessment or Claim Denial, there are specific actions you should take to ensure that the process is handled correctly. Below are listed things you should do and things you should avoid. Following these guidelines will help streamline the process and ensure that your offer is considered appropriately by the Informal Conference Board (ICB).

Do's:

1. Ensure that your name and address match the details as they appear on your Notice of Proposed Deficiency or any related notices from the Illinois Department of Revenue.
2. Provide all required identification numbers, such as your Social Security Number (SSN), Federal Employer Identification Number (FEIN), Account ID, and License no. accurately.
3. Clearly write the audit ID or track number from the notice you received to ensure that your offer is matched to the correct case.
4. If you are represented by someone during the informal conference process, include the representative's name, daytime phone number, and fax number.
5. Specify the exact amount you are offering to settle the tax dispute, and make sure this amount is a net dollar amount.
6. Identify all issues to be conceded, including the total dollar amounts for each and the amount you are offering to settle them.
7. Sign and date the form correctly, ensuring if you are a representative that you are duly authorized under a valid power of attorney.

Don'ts:

1. Do not leave any identifying information blank, such as SSN, FEIN, account ID, or license number.
2. Avoid submitting the form without writing the audit ID or track number, as this is crucial for matching your offer to the correct case.
3. Do not forget to include your representative's contact information if someone is representing you, as failing to do so could lead to communication issues.
4. Do not offer a settlement amount without specifying it as a specific net dollar amount.
5. Avoid being vague about the issues you propose to concede; clarity and detail are necessary for a proper review.
6. Do not omit the required explanation of why the ICB should accept your offer, including all factual and legal bases supporting your position.
7. Avoid submitting the form without the proper signature and date, as an unsigned form will not be considered by the ICB.

• One common misconception is that the ICB-2 form can be used for any tax dispute, including those based on an inability to pay. However, this form is specifically meant for making an offer of disposition with the Informal Conference Board to settle a tax dispute where there is legitimate uncertainty about the facts or the law. For cases based solely on inability to pay, a petition with the Board of Appeals is the appropriate course of action after a final assessment has been issued.

• Another misconception is that completing the ICB-2 form alone is sufficient for resolving a tax dispute. In reality, submitting this form is just one step in the process. The Informal Conference Board may accept, reject, or counter an offer of disposition. The outcome depends on the board's determination of what is in the best interests of the state.

• There's also a misconception that the information provided on the ICB-2 form can be used against the taxpayer in future proceedings. The form instructions make it clear that statements made in completing the form are considered part of good faith negotiations and are not admissible against the taxpayer in any subsequent proceedings concerning the dispute.

• Some believe that any representative can sign the ICB-2 form on behalf of the taxpayer. However, the form must be signed by the taxpayer or a representative who is duly authorized under a valid power of attorney. This ensures that any actions taken are legally binding and authorized.

• Lastly, a common misconception is that the ICB-2 can be submitted at any time during a tax dispute. In reality, this offer of disposition must be presented following specific guidelines, including being accompanied by a Request for Informal Conference Board Review (Form ICB-1) in particular instances. This procedural requirement helps to streamline the review process and ensures that the board has all necessary information to make an informed decision.

When navigating the complexities of resolving tax disputes with the Illinois Department of Revenue, individuals and businesses might consider the option of submitting an ICB-2, Offer of Disposition of a Proposed Assessment or Claim Denial. Here are at least five key takeaways regarding the completion and use of this form:

• Appropriate Situations: The ICB-2 form is specifically designed for parties looking to offer a settlement in tax disputes that involve uncertainty regarding the facts or the law. This form is not suited for offers in compromise based on an inability to pay. For financial hardship considerations, a petition should be filed with the Board of Appeals following a final assessment.
• Required Identification: Accurately identifying oneself is the crux of initiating a proceeding with the Informal Conference Board (ICB). The form demands personal, business, or organizational details, including the applicant's name, address, and various identification numbers such as Social Security Number (SSN) or Federal Employer Identification Number (FEIN), ensuring proper handling and identification throughout the process.
• Comprehensive Offer Details: A key feature of the ICB-2 form is its requirement for a specific net dollar amount representing the offer to settle the dispute. Additionally, the form requires detailed explanations of the penalties being challenged and a thorough accounting of the issues in contention, including the total dollar amounts involved and the specific amounts being offered for each issue.
• Explanation of Offer: Beyond numerical figures, the form mandates a substantive explanation of why the ICB should accept the offer. This includes laying out the factual and legal bases underpinning the offer, effectively requiring the applicant to present a compelling case for why the proposed resolution is justified and should be accepted by the ICB.
• Signature and Authority: For an offer to be considered, it must be duly signed by the taxpayer or their authorized representative. This step affirms the seriousness and validity of the offer, ensuring that only genuine and authorized requests are processed. This requirement underscores the importance of official consent and representation in legal and financial matters.

This structured approach to dispute resolution via the ICB-2 form underscores the Illinois Department of Revenue’s commitment to providing a clear pathway for taxpayers to address and resolve disputes. It emphasizes the necessity for thoroughness, accuracy, and legal propriety in presenting one’s case to the Informal Conference Board.