Drafting the payment plan agreement Brainstorm payment plan parameters and write them down. Identify key terms and conditions applicable to both parties. Draft a payment plan agreement with all the details noted in the previous step. List the payment plan schedule and payment amounts.
To request an installment agreement, the taxpayer must complete Form 9465. Form 9465 can be included electronically with an e-filed return or paper-filed.
How to offer payment plans Determine eligible products and services. Are you going to allow only certain products or services to use this benefit? ... Choose a program type. Decide on the invoicing frequency. Set up recurring payments.
Populate the template with key details: Clearly define the amount owed, the payment schedule, the payment method (e.g., bank transfer, check), and any additional terms such as interest rates or late fees. Include any relevant dates, such as when payments are due and the total duration of the payment plan.
Complete and sign PAGE 3 of the enclosed FTB 3567, Installment Agreement Request. Mail to: STATE OF CALIFORNIA, FRANCHISE TAX BOARD, PO BOX 2952, SACRAMENTO CA 95812-2952. Incomplete information will delay processing your request.