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
Download

IRS Online Payment Agreement (MACE Oct 16 2014)