Tuesday, June 10, 2008

IRS Adds Functions to Online Payment Agreement Application

Earlier today the IRS introduced new features to their interactive Online Payment Agreement application. The changes will make it easier for taxpayers and their authorized representatives to make changes to existing installment agreements.

According to the news release, the system will now permit:
  • Individuals to revise their payment due dates and/or amounts on existing agreements.
    Individuals to revise existing extensions to regular installment agreements and direct debit installment agreements.
  • Individuals to revise existing regular installment agreements to a payroll deduction installment agreement or a direct debit installment agreement.
  • Practitioners with valid authorizations to use the signature date found on their approved Form 2848, Power of Attorney and Declaration of Representative, or the caller ID as an alternate way to authenticate when requesting agreements for clients.

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