Okla. Admin. Code § 710:1-5-115

Current through Vol. 42, No. 1, September 16, 2024

Section 710:1-5-115 - Installment payment agreements

(a)Eligibility and terms of installment payment agreements. Noncompliant taxpayers owing tax delinquencies of Five Hundred Dollars ($500.00) or less are not eligible for an installment payment agreement. Installment Payment Agreements (IPA) for tax delinquencies over Five Hundred Dollars ($500.00) require a down payment equal to or greater than one-fourth (1/4) of the tax, interest, penalty and fees owed. The agreement shall not exceed twelve (12) months. A tax warrant for the delinquent tax, interest, penalty and fees will be filed by the Tax Commission to protect the State's interest.

(b)Installment payment agreement conditions.

(1) Taxpayer must file all delinquent tax returns prior to entering into an installment payment agreement.

(2) Taxpayer must make installment payments when due by cashier's check, money order, or credit card accepted by the Tax Commission.

(3) Taxpayer must remain in compliance, filing all tax returns and paying in full all taxes that come due during the term of the installment payment agreement.

(c)Execution and form of installment payment agreement. The installment payment agreement must be in writing and signed by both the taxpayer and a Tax Commission representative.

(d)Default. Taxpayers failing to abide by the requirements set out in subsection (b) of this Section will be considered in default. Once in default, a Closure Order will be served immediately without further notice to the defaulting taxpayer and a placard will be affixed to all entrances to the business pursuant to Section 710:1-5-122.

(e)Exceptions to terms of and eligibility for installment payment agreements. A taxpayer may request an installment payment agreement outside the parameters of subsection (a) of this Section. Requests by taxpayers with hearings scheduled pursuant to Section 710:1-5-117 may be made to the Hearing Officer. Otherwise, such requests should be made to the Executive Director of the Oklahoma Tax Commission. In the event the request for an extended installment agreement is denied by the Hearing Officer or Executive Director the taxpayer may make the request at a regularly scheduled meeting of the Tax Commissioners.

Okla. Admin. Code § 710:1-5-115

Added at 30 Ok Reg 103, eff 11-1-12 (emergency); Added at 30 Ok Reg 1854, eff 7-11-13

Amended by Oklahoma Register, Volume 35, Issue 24, September 4, 2018, eff. 9/14/2018