Do You Owe Employment Taxes?

06.09.2014
HR & Safety

The IRS offers small businesses a break

Small businesses that currently have employees and unpaid employment taxes may qualify for an In-Business Trust Fund Express Installment Agreement (IBTF-Express IA). These agreements generally do not require a financial statement or financial verification as part of the application process.

IBTF-Express IA Qualifying Criteria

  • 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.

Three Ways to Apply

  • Apply online if you owe $25,000 or less in payroll taxes.
  • Call the IRS Business and Specialty Tax assistance line at 800.829.4933.
  • Call the number on your bill or notice.

Businesses that do not qualify for an IBTF-Express IA should prepare Form 433-B, CIS for Businesses, and contact the IRS immediately. Call 800.829.4933 or the Field Collection Revenue Officer assigned to your case.

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