IRS Boosts Online Payment Agreement Application


It’s now easier for tax practitioners and taxpayers to make changes to installment agreements, thanks to the addition of several new features to the Service’s Online Payment Agreement application.

The interactive application now allows:

Individuals to revise due dates and payment amounts on existing agreements.

Individuals to revise existing regular and direct deposit installment agreements and extensions to those agreements.

Tax practitioners with valid authorizations to use either the signature date found on their approved Form 2848, Power of Attorney and Declaration of Representative, or the caller ID as an alternate way to authenticate when requesting agreements for clients.

According to the IRS, more than three-quarters of taxpayers eligible for an installment agreement can establish one using the online application, which has been used by more than 30,000 taxpayers since its launch in October 2006.

Source: The IRS, www.irs.gov.

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