You May Qualify For An In-Business Trust Fund Express Installment Agreement
Small businesses with unpaid employment taxes may qualify for an In-Business Trust Fund Express installment agreement. Small businesses who currently have employees can qualify for an In-Business Trust Fund Express Installment Agreement (IBTF-Express IA). These installment agreements generally do not require a financial statement or financial verification as part of the application process.
The criteria to qualify for an IBTF-Express IA are:
- You owe $25,000 or less at the time the agreement is established. If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.
- The debt must be full paid within 24-months or prior to the Collection Statute Expiration Date (CSED), whichever is earlier.
- You must enroll in a Direct Debit installment agreement (DDIA) if the amount you owe is between $10,000 and $25,000.
- You must be compliant with all filing and payment requirements.
Need An In-Business Trust Fund Express Installment Agreement?
Contact the Tax Lawyers at
Marini & Associates, P.A.
for a FREE Tax
Consultation Contact US at
or Toll Free at 888-8TaxAid (888
882-9243).
IRS
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