How To Set Up Payments For Georgia State Taxes

State of Georgia Tax Payment Plans Overview

Payment Understanding (Installment Agreement)

Georgia'south Department of Revenue (DOR) offers taxpayers who owe GA land income taxes payment plans for those that cannot pay in full. The DOR refers to these payment agreements also equally an Installment Agreement. These agreements provide taxpayers the ability to pay off their revenue enhancement balance over a serial of monthly payments. Payment programme agreements mostly practise not accept durations longer than 60 months and they must satisfy penalties and interest. Taxpayers can asking a payment plan, however, situations be whereby a taxpayer volition non qualify.

Situations Where DOR Will Non Approve a Payment Program

Just like almost country taxation payment agreements, the DOR has a list of situations for when they will non approve a payment agreement or installment understanding.

In lodge for the DOR to review a request for a Payment Understanding the following must be met:

The taxpayer must non be in bankruptcy,
The taxpayer must not have a pending Offering-in-Compromise awarding filed,
All of the taxpayer'due south country revenue enhancement returns required to be filed must be filed (usually the last five years), and
The delinquent taxes owed must not take been assigned to a private collection house
The taxpayer must concur and meet all future tax obligations (estimated taxes on time, filing on time)

How to Asking and Gear up Upwardly a Payment Plan With DOR

Individuals and businesses who owe the state of Georgia tin set a payment program in a few unlike ways. The land requires a minimum payment corporeality of $25 dollar per month. DOR doesn't seem to take set up a liability limit threshold (like the IRS does) in requesting a tax payment plan. Moreover, taxpayers should always consider other alternatives since involvement and the late payment penalty continues to accrue.

Leverage a Licensed Tax Professional

Taxpayers tin achieve out to a licensed tax professional who has experience resolving tax problems with Georgia'southward DOR. Using a taxation professional volition not only generally reduce the amount of time required by the taxpayer, but it volition also generally lead to better results.

Submit a Request Through the Georgia Revenue enhancement center

The DOR provides taxpayers a way to request a payment agreement online. Taxpayers can asking their payment plan online using the Georgia Tax Center. Once logged into the system, individuals and businesses tin can propose a payment amount and schedule.

With payment sent by electronic funds transfer (EFT), DOR charges a $l dollar fee to ready the payment agreement. If the taxpayer remits monthly payments via paper check, the setup fee rises to $100. If the taxpayer qualifies equally depression-income, the DOR may reduce the fee to $25 dollars. In either example, the fee is non-refundable and gets added to the taxpayer's overall tax balance in figuring out the monthly payment corporeality.

Submit a Paper Application

DOR encourages taxpayers to employ the Georgia Revenue enhancement Middle to request a payment program. However, they will accept paper applications that taxpayers can mail. Although the paper application doesn't seem to be upwards to appointment with the sixty-month new elapsing threshold, taxpayers tin notwithstanding utilize it. Taxpayers tin can find the paper application hither.

In one case complete, taxpayers tin mail the request to:

Georgia Department of Acquirement
Processing Center
PO Box 740396″
Atlanta, GA 30374-0396

Notification of An Accepted Payment Plan Agreement

Whether utilizing the online or paper application, the DOR will notify the taxpayer if they accept or deny their payment programme. The DOR states that taxpayers should await to be notified as to the status of their Payment Agreement applications inside thirty days afterward the DOR has received the awarding. If the DOR accepts the proposal, the taxpayer gets notified via mail. The letter will include the elapsing (number of monthly payments). It will as well tell the taxpayer the amount of each monthly payment, and when the taxpayer must make the first payment.

Additional Notes

Interest will continue to accumulate on the taxes owed, and the DOR may all the same confiscate state or federal refunds. Nonetheless, all other forms of enforced collection volition be suspended as long as the taxpayer stays current with the terms of the payment agreement.

Modifying An Existing GA Taxation Payment Plan

If a taxpayer accrues a new remainder or cannot make the monthly minimum payment on their existing agreement, DOR usually requires a new agreement. In this instance, the DOR charges the taxpayer with a new setup fee. However, if the taxpayer simply needs to alter their depository financial institution and routing number, they must notify DOR at 404-417-2122 at least five days earlier the next draft.

Insufficient Funds

If the taxpayer has a check or draft neglect for insufficient funds, the taxpayer will receive a "Cure/In Grace letter." The alphabetic character volition let them know when payment is due past with an additional $25 dollar return fee to prevent the agreement from going into default.

In summary, the DOR offers payment agreements for both businesses and individuals. DOR gives GA state taxpayers this selection if they cannot pay their balance in total. When in doubt, leverage a licensed tax professional person past starting a search below or contact the DOR directly.

Disclaimer: The content on this website is for educational purposes simply and does non serve as legal or tax advice. For specific advice regarding your tax situation, contact a licensed tax professional or taxation attorney.