The 1% payment plan is a way to fulfill the aspirations of every expat in Dubai to possess their own dream home and relish the luxuries this vibrant city has to offer. Apart from a small down payment of around 20%, the buyers have to make a monthly payment of 1%, and the balance is collected once the building is ready.
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.
If the requested IA is rejected, the running of the collection period is suspended for 30 days. Similarly, if you default on your IA payments and the IRS proposes to terminate the IA, the running of the collection period is suspended for 30 days.
You can send Form 9465 with the e-return, but the IRS must still approve the installment agreement form.
You can apply for an IRS installment agreement online or by filing a Form 9465, Installment Agreement Request. How long can the IRS collect on an installment agreement? The IRS statute of limitations for collecting on unpaid taxes is 10-years from the date they are assessed.
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.
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.