54:53-10 - Offers in compromise; submission; forms; remittance or deposit - New Jersey Statutes

54:53-10.  Offers in compromise;  submission;  forms;  remittance or deposit
    Offers in compromise shall be submitted on forms prescribed by the Director  of the Division of Taxation and shall be accompanied by a remittance representing the amount of the compromise offer, or a deposit if the offer provides for future installment payments.  If the final payment on an accepted offer is contingent upon the immediate or simultaneous release of a tax lien in  whole or in part, such payment must be in cash, or in the form of a certified,  cashier's or treasurer's check drawn on any bank or trust company incorporated  under the laws of the United States or any State, Territory or possession of  the United States, or by a United States postal, bank, express or telegraph  money order.

     L.1975, c. 387, s. 10, eff. March 3, 1976.