If the subject is unable to make a planned payment or if a payment is repaid by the bank or financial institution of the subject to the Department, the consent of the subject is in default. Do you need help paying the tax due? If a tax filer has just filed a tax return and cannot pay the full tax, he or she can use our website to make payments until he or she receives notice. A staggered payment contract can only be put in place after a collection message has been sent. Upon receipt of a collection notification, the subject should immediately request a tempering payment contract to avoid any forced recovery measures. If a policyholder feels that he or she is unable to make payments in accordance with the above parameters, the taxpayer may provide additional information to the department for verification. Collecting Information Help the department determine whether a subject should be able to meet the parameters. There are several requirements for the taxpayer and the department. Please check these requirements carefully before requesting an agreement. Any insurer, corporation, insurer or organization that has to pay premium tax rates must also pay installments from the Insurance Regulatory Commission.
For the calculation and payment of the insurance regulatory tax, it is necessary to use the same percentage and maturity guidelines for estimated staggered premium tax payments. Insurance companies are not required to make staggered payments. Taxpayers can avoid being late by paying online within 10 days. The taxpayer must make the expected payment, plus a fine of 10% of the payment amount. The first payment date is listed in the Important Terms and Conditions section of this Agreement. If the subject is unable to meet these requirements when the contract is created or after the contract is executed, or if additional requirements are subsequently met, the agreement is defaulted. The taxpayer will not be able to re-establish an agreement once it is in default. Changes to your contract must be made 10 business days before the date of the next staggered payment. When will my first payment be recovered? What if I have to make a change? Important: due to COVID-19, the 2019 individual income tax deadline has been extended to July 15, 2020.