Installment Agreement Clause Samples
Installment Agreement. If a taxpayer qualifies for an installment agreement, the secretary may allow the taxpayer to pay taxes, interest, penalties, fees and costs due in installments subject, but not limited, to the following requirements or conditions.
1. The taxpayer shall pay a nonrefundable installment agreement fee in the amount of $105, payable to the Department of Revenue, to establish an installment agreement for the payment of the tax debt. Payment of the fee is mandatory. The installment agreement fee cannot be paid in installments nor waived or applied against any tax debt. However, the secretary shall not charge the fee to enter into an installment payment agreement plan with any taxpayer whose adjusted gross income is less than or equal to $25,000.
2. The taxpayer must be current in the filing of all returns and in the payment of all liabilities for all tax types and periods not covered in the installment agreement.
3. The taxpayer shall file returns for all tax periods included in the installment agreement.
4. The taxpayer shall agree to waive all restrictions and delays on all liabilities not assessed for periods included in the installment agreement.
5. The taxpayer shall agree to timely file all returns and pay all taxes that become due after the periods included in the installment agreement.
6. The taxpayer may be required to pay a down payment of 20 percent and to make installment payments by automatic bank draft.
7. All installment agreement payments shall be applied to accounts, taxes, and periods as determined by the department.
8. Any and all future credits and overpayments of any tax shall be applied to outstanding liabilities covered by the installment agreement.
9. The taxpayer shall notify the department before selling, encumbering, alienating, or otherwise disposing of any of their real (immovable) or personal (movable) property.
10. Tax liens may be filed in any parish wherein the department has reason to believe the taxpayer owns immovable property.
11. A continuing guaranty agreement may be required on installment agreements requested by a corporation, limited liability company, partnership, or limited partnership.
Installment Agreement. Copy of the Installment Agreement by and between the Borrower and the United States Internal Revenue Service (the “IRS”), pursuant to which the Borrower is making installment payments to satisfy delinquent taxes.
Installment Agreement. As a result of a motor vehicle accident which occurred at , Texas, on ___________________________________ __________, the undersigned, hereafter known as party of (Year) the first part, does hereby agree to effect settlement of claims for damages and/or personal injuries suffered by _________________________________________________________________________________________________ hereafter known as the party of the second part, on the following terms: The party of the first part agrees to pay the sum of ) ($ _ ) to the party of the second part or to his/her personal representative at the rate of $ or more per , first payment $ ______________________________ due __________________________________, _.
Installment Agreement. The tax- payer has entered into an agreement under section 6159 to satisfy the liabil- ity for which the lien was imposed by means of installment payments. Entry into an installment agreement may not, however, be the basis for with- drawal of a notice of lien if the install- ment agreement specifically provides that a notice of federal tax lien will not be withdrawn.
Installment Agreement. Attach a copy of the signed promissory note (showing the installment payment requirement) to this form. Part IV – Buyer’s Agreement to Withhold (Be sure to read the “Buyer” information below before you sign.) Under penalties of perjury, I hereby agree to withhold on each principal payment for the above shown California real property to the above seller at the rate of 31/3 percent of each principal payment. I will complete Form 593, Real Estate Withholding Remittance Statement, and Form 593-B, Real Estate Withholding Tax Statement, for each principal payment and send one copy of each to the Franchise Tax Board with the withholding payment and give two copies of Form 593-B to the seller. I will send each withholding payment by the 20th day of the month following the month of the installment payment. If the terms of the installment sale, promissory note, or payment schedule change, I will promptly inform the Franchise Tax Board. I understand that completing and signing this form will subject me to withholding penalties if I do not withhold on each principal payment and do not send the withholding, with Forms 593 and 593-B, to the Franchise Tax Board by the due date or I do not send two copies of Form 593-B to the seller by the due date. Buy▇▇'▇ name (if the buyer is not an individual, buyer’s agent’s name and title) (type or print) Buy▇▇'▇ signature Date: Buyer’s spouse's name (if on title) Buy▇▇’▇ spouse's signature (if applicable) Date: