Payment Agreement


 


STATE OF TEXAS


 


COMPTROLLER OF PUBLIC ACCOUNTS


 


PAYMENT AGREEMENT


 


	  DGSE Corporation	 	  17521848246
	  Taxpayer Name	 	  Taxpayer’s Number
	 	 	 
	  11311 Reeder Rd.	 	  Dallas,Texas 75229-3408
	  Street Address	 	  City State Zip Code
	 	 	 
	 	 	  7/11/2014
	 	 	  Date of Agreement


 


The above named taxpayer agrees that the
following delinquent Sales & Use taxes, penalties and interest are owed and will be paid according to the following terms:


 


	Tax	 	$	800,397,12	 
	Penalty	 	$	80,039.72	 
	Interest	 	$	239,922.23	 
	Amt Due	 	$	1,120,359.07	 
	Down Payment	 	$	325,000.00	 
	Total Amount Due	 	$	795,359.07	 



 


This liability is for the period 03/01/06 through
11/30/09.


 


TERMS OF AGREEMENT:


 


In consideration of the mutual promises and
agreements contained herein, and to provide for the collection of the amounts identified above, the parties agree to the following
terms:


 


		1.	Taxpayer shall pay $47,000.00 on or before the 15th
                                         day of each month, beginning on August 15 , 2014, and continuing on the 15th day
                                         of each month thereafter until the entire tax liability, including penalties and all
                                         accrued interest are paid in full.



 


		2.	Additional statutory penalties and/ or interest will accrue on the
                                         unpaid tax balance and must be paid as part of this agreement.



 




    	 



    	 



    

 


Payment Agreement


 


		3.	Upon default of any of the terms of this agreement, the Comptroller
                                         may collect the amounts due from the taxpayer by any method allowed by Chapter 111, Tax
                                         Code, or any other applicable law. No notice of default is required to be given to any
                                         party prior to taking such collection action.



 


		4.	No State tax lien currently on record, or hereafter filed, will
                                         be released until all taxes, penalties and interest due under this agreement or on this
                                         account are paid in full.



 


		5.	All payments shall be made in the form of cash, certified check
                                         or money order payable to the Comptroller of Public Accounts. All payments shall be directed
                                         to the attention of Texas Comptroller 9221 LBJ Freeway Dallas, Texas 75243-3429 and must
                                         be physically received or postmarked on the date that they are due.



 


		6.	The Statute of Limitations for collecting any amounts due herein
                                         is extended for the duration of this agreement and that no further written extensions
                                         of the limitations period need be executed by the parties. This extension of the Statute
                                         of Limitations for collection does not extend the period for refunds or assessment.



 


		7.	The parties have read this agreement carefully and have been given
                                         the opportunity to consult with legal counsel prior to its execution.



 


		8.	The individuals executing this agreement on behalf of the parties
                                         all expressly represent that they have full legal capacity and authority to enter into
                                         this agreement on behalf of the named party.



 


		9.	This agreement sets forth the entire understanding of the parties
                                         with respect to this matter. It may not be amended or modified without mutual consent
                                         of both parties. The parties expressly agree that the remedies provided to the Comptroller
                                         are cumulative, and are in addition to, and not in lieu of any remedies available to
                                         the Comptroller under the Texas Tax Code.



 


		10.	Jurisdiction of and venue for enforcement and interpretation of
                                         this agreement shall lie exclusively with the district courts of Travis County, Texas.
                                         The parties agree that any suit brought with respect to this agreement or its enforcement
                                         must be heard in the district courts of Travis County, Texas and in no other jurisdiction
                                         or forum.



 


		11.	The taxpayer must file and pay in full all current and future tax
                                         reports or returns with the Comptroller as required by law.



 


		12.	This Payment Agreement is not binding and effective until and unless
                                         it is signed and approved by an authorized Comptroller Representative.



 


		13.	Notices generated as the result of a delinquency shall continue
                                         to be mailed during the course of the payment agreement regardless of any special conditions
                                         indicated.



 


SPECIAL CONDITIONS:


1)Installment payments may be made electronically.


 




    	 



    	 



    

 


Payment Agreement


 


2)The Comptroller agrees to waive the
10% determination penalty


 


3)The length of this agreement is 18
months


 


	Sign

        here:
	 	 	Sign

        here:
	 
	 	Taxpayer	 	 	Comptroller’s Representative
	 	Title: ___________________________________	 	 	 
	 	 	 	 	 
	Sign	 	 	 	 
	here:	 	 	 	 
	 	Taxpayer	 	 	 
	 	Title: ___________________________________