Massachusetts H3062 amends tax law to allow settlements of tax liability through written agreements.

Massachusetts H3062 amends the General Laws to allow the Commissioner of Revenue to enter into written agreements with taxpayers to settle tax liabilities. These agreements are final and conclusive unless fraud or mutual mistake is shown. The commissioner can require future compliance for up to three years and may reject offers based on guidelines. The commissioner must establish procedures for handling offers, including independent administrative review and notification to taxpayers.

Massachusetts H3062 amends tax law to allow settlements of tax liability through written agreements.

Massachusetts H3062 amends the General Laws to allow the Commissioner of Revenue to enter into written agreements with taxpayers to settle tax liabilities. These agreements are final and conclusive unless fraud or mutual mistake is shown. The commissioner can require future compliance for up to three years and may reject offers based on guidelines. The commissioner must establish procedures for handling offers, including independent administrative review and notification to taxpayers.