7122-1 provides three grounds for compromise: doubt as to liability, doubt as to collectibility and promotion of effective tax administration.
What does DATL stand for?
DATL stands for Doubt As to Liability
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of DATL
We have 1 other meaning of DATL in our Acronym Attic
- Data Intelligence
- Digital Airborne Topographical Imaging System
- Digital Airport Terminal Information System
- Digital Automatic Terminal Information Service
- Drogue Alcool Tabac Info Service (French: Drug and Alcohol Information Service; France)
- Drug and Alcohol Treatment Information System (Canada)
- Drug and Toxicology Information Service
- Deliberate Attack
- Device Automation Toolkit (Microsoft)
- Doll and the Kicks (band)
- Drugs of Abuse Testing Laboratory, Inc. (Tulsa, OK)
- Dunlop Aircraft Tyres Limited (UK)
- Departmental Award for Teaching and Learning Excellence (North Carolina State University)
- Data Mode (Naval data analysis)
- Dave against the Machine (podcast)
- Dennis and the Menace (Brunswick, GA band)
- Department of the Army Technical Manual
- Derby Area Transport Model
- DISA ATM Network
- Doesn't Apply to Me
Samples in periodicals archive:
Taxpayers may be exempt from paying the application fee if they meet one of two criteria: the Offer in Compromise is submitted based solely on doubt as to liability or the taxpayer's total monthly income falls at or below income levels based on the Department of Health and Human Services poverty guidelines.
The OIC must explain why the offer can be compromised under one of the following legal grounds: Doubt as to Liability: Doubt as to liability exists when there is a dispute as to the existence or amount of the correct tax liability.
There will be no user fee imposed on OICs (1) based solely on doubt as to liability or (2) made by low-income taxpayers.
7122-1(b), an offer may be accepted if there is doubt as to liability or collectibility, or if acceptance will promote effective tax administration.
Finally, an offer can be submitted for doubt as to liability, when the correctness of the assessed tax is in question.
7122-1 allows the Service to compromise a tax liability only on the grounds of doubt as to liability or collectibility, or both.
7122-1T(b)(4)(i)-(iii) provides that, in addition to compromising a tax liability based on doubt as to liability and/or doubt as to collectibility, the IRS will compromise a liability to "promote effective tax administration" when: * Collection will create "economic hardship"; or * Regardless of the taxpayer's financial circumstances, "exceptional circumstances" exist such that collection would be "detrimental to voluntary compliance" by taxpayers; and * Compromise of the liability "will not undermine compliance" by taxpayers with the tax laws.