What does the principal debt mean? An instalment sale agreement between you and a credit provider allows you to buy a vehicle or asset using the principal debt, which you repay by means of regular instalments over an agreed period, with fees and interest.
If you are unable to revise an existing installment agreement online, call us at 800-829-1040 (individual) or 800-829-4933 (business).
A payment plan agreement, also known as an installment agreement, is a written legal document that allows one party to make smaller payments over time to payoff a larger debt.
Most taxpayers qualify for a payment plan and can set it up themselves either online or through our Teleplan service at 804.440. 5100.
While the IRS typically doesn't allow taxpayers to have two separate installment agreements, adding a new tax debt to an existing installment plan is possible. However, taxpayers must act swiftly before the IRS assesses the new tax balance and potential default occurs, triggering enforcement actions.
If you are unable to use the online services, you can certify for weekly benefits using our Voice Response System (VRS) by calling 1-800-897-5630. You will file your weekly requests for payment of benefits until you report that you have returned to work, your benefits have run out, or your benefit year ends.
Virginia has State Unemployment Insurance (SUI), which ranges from 0.1% to 6.2%. The wage base for SUI is $8,000 of each employee's taxable income and generally does not change year over year but if changes are announced for 2025, we'll share. If you're a new employer, your rate will be between 2.5% and 6.43%.