Compromises

1. Law
2. US Virgin Islands Code
3. Taxation and Finance
4. Miscellaneous Internal Revenue Taxes
5. Procedure and Administration
6. Closing Agreements and Compromises
7. Compromises

• • Authorization

    • (a) The Director may compromise any civil or criminal case arising under the internal revenue laws of the Virgin Islands prior to reference to the United States attorney for prosecution or defense; and the United States attorney or his delegate may compromise any such case after reference to him for prosecution or defense.

• • Record

    • (b) Whenever a compromise is made by the Director in any case, there shall be placed on file in the office of the Director the opinion of the United States attorney or his delegate, with his reasons therefor, with a statement of—

      • (1) the amount of tax assessed;

      • (2) the amount of interest, additional amount, addition to the tax, or assessable penalty, imposed by law on the person against whom the tax is assessed; and

      • (3) the amount actually paid in accordance with the terms of the compromise.

        • Notwithstanding the foregoing provisions of this subsection, no such opinion shall be required with respect to the compromise of any civil case in which the unpaid amount of tax assessed (including any interest, additional amount, addition to the tax, or assessable penalty) is less than $100.

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