Transcript IRS Online Payment Agreement (MACE Oct 16 2014)
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