Online Payment Agreements

William Mealy Senior Stakeholder Liaison

Main Line Association for Continuing Education October 16, 2014

OPA Goals

• Simplicity and convenience • Fewer defaults • Fewer posting errors • Reduced Cost

Benefits to Taxpayers

• Fully automated • Interactive • Streamlined • Immediate approval notification

Benefits to Taxpayer

• No direct personal contact • Taxpayer or Rep self-qualifies and applies • Education • Lower costs

Payment Options

• Full pay in 10 days • Full pay in 11 – 120 days • Monthly payments

Who Can Use OPA

• Individuals • Businesses • Their Representatives

Criteria – Individual Taxpayers

• Any type of tax • Owe $50,000 or less • All required returns filed • Minimum payment amount

Additional Requirement Individuals

• If – Aggregate balance $25,001 - $50,000 • Then – Direct Debit agreement required

Criteria – Business Taxpayers

• Owe $25,000 or less • All required returns filed • Full pay within 24 months

Additional Requirement Businesses

• If – $10,001 - $25,000 owed • Then – Payments must be by Direct Debit

Finding the Online Application

• At IRS.gov

Tools – Online Payment Agreement Application • Payments tab – Apply for an Online Payment Agreement • Key word OPA

OPA Landing Page

Information Needed Individual Taxpayers

• • • • • • • • PIN (can create one) SSN or ITIN Date of birth Caller ID number (see tax due notice), or AGI from prior year Bank name and address Employer name and address Payment amount and monthly due date

Information Needed Business Taxpayers

• • • • • • EIN Business Address Date business established Caller ID number Bank name and address Payment amount and monthly due date

Additional OPA Features

• Regular installment agreement changes – – Due date – – Amount Switch to direct debit or payroll deduction • Change short term agreement to monthly payment plan

Feedback - Questions

• Have you tried OPA? Problems? Impressions? Questions?

• Your feedback will be captured and used to improve the online application

Contact Information William Mealy Senior Stakeholder Liaison IRS Small Business/Self-Employed Division 215-861-1450