Installment Agreement With Irs In King

State:
Multi-State
County:
King
Control #:
US-002WG
Format:
Word; 
Rich Text
Instant download

Description

The Installment Agreement with IRS in King is a legal form designed for individuals looking to establish a payment plan with the Internal Revenue Service for tax liabilities. This form outlines essential details such as the total purchase price, applicable interest rates, payment terms over specified months, and potential late fees for overdue payments. Key features of the agreement include provisions for purchase money security interests, events of default, and available remedies for the seller in case of non-compliance. Users are instructed to fill in specific information, including amounts and dates, recognizing the importance of clarity and compliance in such financial obligations. The document stipulates that any modifications must be documented in writing and highlights the applicable laws governing the agreement. It is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to managing tax debts while protecting rights and responsibilities outlined within the agreement.
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FAQ

If you don't qualify for an IA through OPA, you may also request an IA by submitting Form 9465, Installment Agreement Request, with the IRS. When you request an IA using the form, generally, you'll receive a response from the IRS within 30 days notifying you of whether the IA request was approved or rejected.

If you don't report income that you should have reported, and it's more than 25% of the gross income shown on the return, or it's attributable to foreign financial assets and is more than $5,000, the time to assess tax is from the date you filed the return.

Or: For individual tax returns, call 1-800-829-1040, 7 AM - 7 PM Monday through Friday local time. The wait time to speak with a representative may be long. This option works best for less complex questions.

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Installment Agreement With Irs In King