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IRS ANNOUNCES...
ON-LINE PAYMENT AGREEMENT APPLICATION
The Online Payment Application, a new tool for taxpayers
to resolve their federal income tax liability, is available at
IRS.gov.
This new online application allows eligible taxpayers or their
authorized representatives to self-qualify, apply for an
installment agreement, and receive immediate notification of
approval. Three payment options are available when applying
online:
- Pay in full within 10 days
- Short term extension of up to 120 days
- Monthly payment plan
Tax professionals using OPA (Online Payment Agreement)
on behalf of clients should first make certain that they have a
valid Power of Attorney on file with the IRS for all balance due
tax accounts for that client.
The OPA allows eligible individuals to apply for an installment
agreement to pay off their tax liability. To qualify, you must
have your bill from the IRS and have filed all required tax
returns. You must owe less than $25,000 and be able to pay
the entire liability within 60 months
http://www.irs.gov/individuals/article/0,,id=149373,00.html
