What is the DR 6597 form for in Colorado?
The DR 6597 form in Colorado is used by individuals who are undergoing wage garnishment by the state for outstanding debts and wish to request a payment reduction. By signing this form, the taxpayer agrees to a payment reduction on their current wage garnishment and waives the statute of limitations for the collection of the debt. This waiver allows the state more time to collect the debt owed.
How does signing the DR 6597 form affect my statute of limitations?
When you sign the DR 6597 form, you voluntarily extend the time frame within which the state can collect the debt. Normally, the statute of limitations sets a deadline after which debts cannot be collected. By waiving this statute, you are agreeing to extend this period, allowing the state more time to recover the owed amount.
Can signing the DR 6597 form impact my tax refunds?
Yes, signing the DR 6597 form can impact your tax refunds. If you request a payment reduction for your wage garnishment, any tax refund you're entitled to during this period may be applied to your outstanding tax balance. This adjustment in how your refunds are processed helps reduce the amount you owe more quickly.
Who should I contact if I have questions about filling out the DR 6597 form?
If you have questions regarding how to fill out the DR 6597 form or require further clarification on its purpose and implications, contact the Colorado Department of Revenue. They can provide you with specific guidance tailored to your situation and help you understand the process and any potential consequences.
What happens if I don't sign the DR 6597 form?
If you choose not to sign the DR 6597 form, the terms for your wage garnishment will remain unchanged, and the statute of limitations will not be extended. This means that your current payment arrangement will continue as is, without the possibility of a reduced payment schedule, and any limitations on the collection of your debt will stay in effect.
Is there a deadline to submit the DR 6597 form?
The form itself does not specify a submission deadline; however, it is advisable to submit the DR 6597 form as soon as you decide to request a payment reduction for your wage garnishment. Delaying submission could affect your ability to benefit from a reduced payment arrangement.
What should I do after signing the form?
After signing the DR 6597 form, you should mail it to the Colorado Department of Revenue at the address provided on the form. Additionally, it is recommended that you keep a photocopy of the signed form for your records. Keeping a copy will help you track your request and any future communications or decisions regarding your garnishment payment adjustment.
What if my address or phone number changes after I submit the form?
If your contact information changes after submitting the DR 6597 form, you should promptly notify the Colorado Department of Revenue. Updating your information ensures that you receive any correspondence or updates about your wage garnishment payment reduction without delay.
Where can I get a copy of the DR 6597 form?
You can obtain a copy of the DR 6597 form from the Colorado Department of Revenue's website or by contacting them directly. They can provide you with the most current version of the form and any other related instructions or information you may need.