IRS Launching Online Payment Agreement Application | AccountingWEB

IRS Launching Online Payment Agreement Application

Tax professionals are helping launch a new system that will allow many individuals who owe delinquent federal taxes to apply online for a payment agreement, the Internal Revenue Service (IRS) announced Monday. The IRS estimates that 90 percent of taxpayers who qualify for payment agreement will be able to obtain one through the new Online Payment Agreement (OPA) once the application is available to the general public later this year.

The IRS is implementing the new OPA application through national partnerships with the tax professional community. Members of tax professional organizations are using OPA to apply for payment agreements for clients who owe taxes. This application will eliminate the need to write or call the IRS toll-free number for assistance. When fully implemented, OPA will provide an easier way for taxpayers, on their own or with the help of tax professionals, to voluntarily resolve tax liabilities.

“This new system reduces taxpayer burden by providing the convenience of online service during extended hours and on weekends,” IRS Commissioner Mark W. Everson said in a prepared statement announcing OPA. “Taxpayers can set up an agreement and arrange for payment options including automatic payments through direct debit or payroll deduction.”

Wait, there's more!
There's always more at AccountingWEB. We're an active community of financial professionals and journalists who strive to bring you valuable content every day. If you'd like, let us know your interests and we'll send you a few articles every week either in taxation, practice excellence, or just our most popular stories from that week. It's free to sign up and to be a part of our community.
Premium content is currently locked

Editor's Choice

WHAT KIND OF FIRM ARE YOU?
As part of our continued effort to provide valuable resources and insight to our subscribers, we're conducting this brief survey to learn more about your personal experiences in the accounting profession. We will be giving away five $50 Amazon gift cards, and a $250 Amazon gift card to one lucky participant.
This is strictly for internal use and data will not be sold
or shared with any third parties.