Installment Agreement With Irs In Pennsylvania
Category:
State:
Multi-State
Control #:
US-002WG
Format:
Word;
Rich Text
Instant download
Description
The Installment Agreement with IRS in Pennsylvania outlines the terms and conditions between a Seller and Purchaser in connection with an installment purchase. Key features include the stipulation of purchase price, interest rate, payment terms, and late fees for missed payments. The form mandates that payments are made in consecutive monthly installments, starting on a specified date, and addresses default conditions that allow the Seller to reclaim collateral if necessary. The document emphasizes that no warranties are given by the Seller and states that modifications must be in writing. This agreement serves as a comprehensive contract binding both parties and ensuring legal recourse under Pennsylvania law. It's particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides a structured approach to handling installment sales. Signing this agreement formally establishes the obligations of both parties, making it a critical document for any legal representation or business transaction involving installment payments.
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FAQ
It is possible to reinstate an installment agreement that is in default by correcting the issue that caused the default within 30 days. You can do this in several ways, such as: Paying any payments you missed. Providing any financial information the IRS requests.
You can send Form 9465 with the e-return, but the IRS must still approve the installment agreement form.
About Form 9465, Installment Agreement Request. Internal Revenue Service.
