- Instructor: Attorney Bob Schaller
- Lectures: 4
- Quizzes: 1
In-Business Trust Fund Express Installment Agreement.
The “In-Business Trust Fund Express” installment agreement program is another of the IRS’ special installment agreement programs. Other special programs with their own specific criteria discussed elsewhere include “Guaranteed” installment agreements, “Streamlined” installment agreements, and “Partial Payment” installment agreements.
The “In-Business Trust Fund Express” installment agreement program has many helpful features. First, qualifying taxpayers need not prepare and tender a collection information statement or other financial statements. IRM § 18.104.22.168(2)(b) (12-23-2015). Second, no managerial approval is required for Streamlined installment agreements. IRM § 22.214.171.124(7) (12-23-2015). Third, IRS collection field employees are not required to make a field call just to view assets prior to granting an In-Business Trust Fund Express agreement. IRM § 126.96.36.199(2)(a) (12-23-2015).
The In-Business Trust Fund Express installment agreement program has its own specific criteria, including debt-load limitations, payment period constraints, compliance requirements, etc. Not all taxpayers qualify for an In-Business Trust Fund Express installment agreement. See e.g. IRM § 5.14.7 (discussion on installment agreement options for in-business entities that do not qualify for an In-Business Trust Fund Express agreement).
Overview of an In-Business Trust Fund Express IA
Basic Requirements for Eligibility
Tax Liability Limitations
Payment Period, Amount & Methods