Enlarge image | Print Reset TENNESSEE DEPARTMENT OF REVENUE Installment Payment Agreement Program TENNESSEE DEPARTMENT OF REVENUE INSTALLMENT PAYMENT AGREEMENT APPLICATION The Following Pages Contain: Basic Information Terms and Conditions Installment Payment Application Statement of Financial Condition for Individuals Statement of Financial Condition for Businesses Supporting Document Checklist Financial Release Statement Power of Attorney RV-F0200201 (Rev. 7-16) |
Enlarge image | Tennessee Department of Revenue Installment Payment Agreement Program TENNESSEE DEPARTMENT OF REVENUE BASIC INFORMATION CONCERNING INSTALLMENT PAYMENT AGREEMENT APPLICATIONS The Installment Payment Application is to be submitted only on Form App-1, and must include the required financial disclo- sure form(s) and other supporting documentation outlined on the form, Supporting Document Checklist, (found in this book- let). A copy of Form APP-1 may be used provided no changes have been made to the form. Depending upon the legal structure of the applicant, the following Statement of Financial Condition forms are required: Legal Structure Form(s) Required Individual IPA-IND Proprietorship IPA-IND & IPA-BUS Partnership IPA-IND & IPA-BUS Corporation IPA-BUS Trust/Estate IPA-BUS Corporate Officer IPA-IND Individual applicants must submit Form IPA-IND, Financial Condition Statement for Individuals. Self-employed applicants must also submit Form IPA-BUS, Financial Condition Statement for Business. Corporations and Partnerships must submit Form IPA-BUS. Financial Condition Statement for Individuals may also be required of corporate officers or business partners. Applicants may obtain the Installment Payment Agreement booklet at any of the seven regional offices listed on the back page of this booklet. The statement of Financial Condition For Individuals and Businesses, (IPA-IND and IPA-BUS), provides the Tennessee Department of Revenue (the Department) with credit and financial information that will be utilized in an evaluation of the Financial Condition of an individual and/or business entity. Every item of the financial statement must be completed and should reflect accurate statements and amounts. If an item is not applicable to you, insert “NA”. An incomplete Statement of Financial Condition and/or unsigned by the applicant in the areas required, will not be considered. In all cases whereby the Statement of Financial Condition For Individuals are completed, the Financial Release Statement, Form RV-F0200501, (found in this booklet), must also be completed by the individual or business entity and endorsed by a Notary Public. If the Installment Payment Agreement Application or other forms are to be completed and/or signed by someone other than the liable parties, then Form RV-F0103801 Power of Attorney, (found in this booklet) must be completed. Installment Payment Agreements are submitted under the provisions of an inability to pay a tax in full and will require an analysis of your financial condition or in some instances, both. In all cases the form, Supporting Document Checklist, (found in this booklet), must be completed. |
Enlarge image | Tennessee Department of Revenue Installment Payment Agreement Program TENNESSEE DEPARTMENT OF REVENUE INSTALLMENT PAYMENT AGREEMENT TERMS & CONDITIONS I understand that by endorsing the Installment Payment Agreement that pursuant to T.C.A. § 67-1-1429 et. seq., any rights or defenses are hereby expressly waived for a period of six (6) years from the date of this agreement. I understand a condition of this agreement is that daily records of the active business(s) must be kept current and that tax reports and payments are made to the Tennessee Department of Revenue in a timely manner prescribed by the Department of Revenue. I understand that pursuant to the provisions of T.C.A. § 67-1-1401 at.seq., the Tennessee Department of Revenue will file lien(s) on the taxpayer(s), business entity and any personal guarantor(s) of the Install- ment Payment Agreement. I understand that if any payment is not paid when due, or if the taxpayer(s), business entity or other personal guarantor(s) of the agreement violates any provisions of the agreement, then, at the Department’s option, the entire remaining amount owed as shown, together with any additional penalty or interest may become immediately payable and due the Tennessee Department of Revenue. I understand and agree that I and any other endorsers of the agreement shall be subject to all terms and conditions set out in the stated agreement and that I will be held jointly and severally liable for such debt. APPLICANT’S SIGNATURE DATE APPLICANT’S SIGNATURE DATE POWER OF ATTORNEY SIGNATURE DATE (Must complete Power of Attorney - Use Only Department of Revenue Form RV-F0103801, enclosed) |
Enlarge image | APP-1 Page 1 Tennessee Department of Revenue Installment Payment Agreement Application 1. Applicant(s) Name and Street Address SS # SS # FEI # County Daytime Phone # ( ) 2. Applicant(s) Mailing Address (If different from above) 3. Applicant(s) Legal Structure [ ] Individual [ ] Proprietorship [ ] Partnership [ ] Corporation [ ] Trust/Estate [ ] Corp. Officer(s) 4. Description of Tax Liabilities To Be Placed on Payment Agreement Tax Type Account Number Period(s) [ ] Individual Income Tax [ ] Sales & Use Tax [ ] Corporate Income Tax [ ] Other (Specify) 5. If you are represented by an attorney, accountant or agent, please provide the following contact information: Name Firm Mailing Address Phone Number ( ) (Must complete Power of Attorney - Use Only Department of Revenue Form RV-F0103801, enclosed) |
Enlarge image | APP-1 Page 2 6. Summary Statement Supporting Reason For Installment Pay Agreement, (required) I/WE HAVE EXAMINED THIS INFORMATION, INCLUDING THE ACCOMPANYING SCHEDULES AND STATEMENTS, AND HEREBY AFFIRM THAT TO THE BEST OF MY/OUR KNOWLEDGE AND BELIEF IT IS TRUE, CORRECT AND COMPLETE. APPLICANT’S SIGNATURE DATE APPLICANT’S SIGNATURE DATE POWER OF ATTORNEY SIGNATURE DATE NOTE: Department Forms IPA-IND (Statement of Financial Condition for Individuals) and/or IPA-BUS (Statement of Finan- cial Condition for Businesses) must be completed, signed and attached in order for the application to be complete. Depart- ment personnel may request additional verification of the financial information provided on these forms and may request additional information. |
Enlarge image | IPA-IND Page 1 State of Tennessee STATEMENT OF FINANCIAL CONDITION (If additional space is needed, Department of Revenue attach separate sheet) FOR INDIVIDUALS The information requested in this statement should include all household income and expense. Spouse and dependent information are required although only one person may be liable for the tax. SECTION I - PERSONAL INFORMATION 1. Taxpayer’s Name(s) and Residence Address 2. Daytime Phone Number 3. Marital Status (Check One) [ ] Single [ ] Married [ ] Separated [ ] Divorced 4. Social Security Number 5. Date of Birth Taxpayer Taxpayer A. A. Spouse Spouse County ( ) Do you own [ ] or rent [ ]? B. B. 6. Previous Address If At Current Address Less Than 2 Years 7. Income Tax Return Information A. Year of Last Filed Federal Income Tax Return ________ B. Federal Adjusted Gross Income From Last Return $________ C. Year of Last Filed Tennessee Income Tax Return ________ SECTION II - EMPLOYMENT INFORMATION 8. Taxpayer’s Employer or Business - Name and Address 9. Employer Phone Number 10. Occupation 11. Length of Employment 12. Work Relationship [ ] Employee [ ] Proprietor Years Mo. [ ] Partner [ ] Officer 13. Spouse’s Employer or Business - Name and Address 14. Employer Phone Number 15. Occupation 16. Length of Employment 17. Work Relationship [ ] Employee [ ] Proprietor Years Mo. [ ] Partner [ ] Officer 18. Taxpayer’s Part-time or Previous Employment in Last Three Years19. Spouse’s Part-time or Previous Employment in Last Three Years Employer’s Name Employment Dates Employer’s Name Employment Dates To To To To To To 20. Taxpayer’s Part-time or Previous Employment in Last Three Years? Taxpayer [ ] Yes [ ] No Spouse [ ] Yes [ ] No SECTION III - DEPENDENT INFORMATION 21. Dependent Name (Other Than Spouse) Date of Birth Relationship Monthly Income $ |
Enlarge image | IPA-IND Page 2 SECTION IV - ASSETS 22. Cash TOTAL (Enter also on Page 3, Item 30-A) $ 23. Bank or Credit Union Accounts (Checking, Savings, Certificate of Deposit, etc.) Name of Institution Account Number Type of Account Balance $ TOTAL (Enter also on Page 3, Item 30-B) $ 24. Bank Credit Cards (i.e., Visa, Mastercard, Discover, American Express, etc.) Credit Amount Available Name of Issuer Account Number Limit Owed Credit $ TOTAL (Enter also on Page 3, Item 30-C) $ 25. Securities (Stocks, Bonds, Mutual Funds, IRA, Government Securities, Money Market Funds, etc.) Quantity or Current Type Issuer Denomination Value $ TOTAL (Enter also on Page 3, Item 30-D) $ 26. Real Property (Personal Residence, Vacation or Second Home, Investment Property, Unimproved Land, etc.) Address Current Market Amount Equity In Description Value Owed Property $ TOTAL (Enter also on Page 3, Item 30-E) $ 27. Vehicles - Excluding Leased Vehicles (Including Motorhomes, Campers, Motorcycles, Boats, Trailers, etc.) Tag Current Market Amount Equity In Description Make Model Year Number Value Owed Vehicle $ TOTAL (Enter also on Page 3, Item 30-F) $ 28. Other Assets Current Current Appraised Value Appraised Value Notes Receivable $ Timber, Mineral or Drilling Rights $ Cash Surrender Value of Life Insurance Patents or Copyrights Judgments or Settlements Receivable Other (Specify) Vested Retirement Account Collectables, Antiques or Artwork TOTAL (Enter also on Page 3, Item 30-G) $ |
Enlarge image | IPA-IND Page 3 SECTION V - LIABILITIES 29. Liabilities (Do Not Include Any Mortgages or Vehicle Loans) Total Amount Total Amount Description Owed Description Owed Notes Payable $ Past Due Other Taxes $ Installment or Personal Loans Vehicle Leases Education or Student Loans Other Liabilities: Bank Revolving Credit Judgments Payable Past Due Federal Taxes Past Due State Taxes TOTAL (Enter also on Page 3, Item 31) $ SECTION VI - NET WORTH CALCULATION 30. ASSETS A. Cash $ B. Bank or Credit Union Accounts C. Bank Credit Cards D. Securities E. Real Property F. Vehicles G. Other Assets Total Assets $ 31. LIABILITIES $ 32. Net Worth (“Total Assets” Minus “Liabilities”) $ SECTION VII - OTHER INFORMATION 33. Have you disposed of any assets or property by sale, transfer, exchange, gift, or in any other manner during the past 18 months? [ ] Yes [ ] No If “Yes”, identify: 34. Is a foreclosure proceeding pending on any real estate that you own or have an interest in? [ ] Yes [ ] No 35. Is anyone holding any assets on your behalf? [ ] Yes [ ] No If “Yes”, identify: Relationship: 36. Are you a party to any lawsuit now pending? [ ] Yes [ ] No 37. Are you or any business that you own currently under bankruptcy court jurisdiction? [ ] Yes [ ] No Bankruptcy Case No.: |
Enlarge image | IPA-IND Page 4 SECTION VIII - INCOME & EXPENSE ANALYSIS 38. Monthly Household Disposable Income Gross Monthly Income Monthly Living Expenses Source Taxpayer Spouse Source Amount Salary, Wages, Commissions, Tips $ $ House or Rent Payment $ Self-Employment Income Income Taxes (Federal, State, FICA) Pensions, Disability & Social Security Estimated Tax (If Applicable) Dividends & Interest Groceries Gift or Loan Proceeds Medical Expenses & Prescriptions Rental Income Utilities: Estate, Trust & Royalty Income Electric+$ +Gas $ Workers’ Comp. & Unemployment Water $ + Phone $ = Alimony & Child Support Insurance: Other (Specify) Life $ + Health $ + Auto $ + Home $ = Court Ordered Payment Personal Loan Payment Religious & Charitable Donations Clothing & Personal Grooming Entertainment & Recreation Legal Fees Transportation Expense Vehicle Loan Payment Vehicle Lease Payment Property & Ad Valorem Taxes Child Care Installment & Credit Card Payments Tuition Payment Other (Specify) Subtotal $ $ Combined Monthly Income $ Total Monthly Living Expenses $ 39. Net Monthly Household Disposable Income (“Combined Monthly Income” Minus “Total Monthly Living Expenses”) $ I/we have examined this Statement of Financial Condition for Individuals and hereby affirm that to the best of my/our knowledge and belief, it is true, correct and complete. Taxpayer’s Signature Date Taxpayer’s Signature Date POA Signature Date (Must complete Power of Attorney - Use Only Department of Revenue Form RV-F0103801, enclosed) |
Enlarge image | IPA-BUS Page 1 State of Tennessee STATEMENT OF FINANCIAL CONDITION (If additional space is needed, Department of Revenue FOR BUSINESSES attach separate sheet) SECTION I - BUSINESS IDENTIFICATION 1. Business Name and Address 2. Mailing Address (If Different From Street Address) County 3. Type of Business 4. Daytime Phone Number 5. Number of Employees 6. Type of Ownership 7. Tennessee Entity ID: [ ] Proprietorship [ ] Partnership [ ] Corporation [ ] Other (Specify) 8. Beginning Date of Business 9. Ending Date of Business (If Closed) 10. Last Franchise Excise Return Filed Form Tax Year Ended Net Income $ 11. Information About Owner, Partners, Officers, Major Shareholders, etc. Name Social Security Title Effective Monthly Total Shares Number Date Salary or Wages or Interest $ SECTION II - ASSETS 12. Cash On Hand TOTAL (Enter also on Page 3, Item 24-A) $ 13. Bank Accounts (General Operating, Payroll, Savings, Certificate of Deposit, etc.) Name of Institution Account Number Type of Account Balance $ TOTAL (Enter also on Page 3, Item 24-B) $ 14. Bank Credit Available (Line of Credit, Credit Cards, etc.) Credit Amount Credit Name of Institution Account Number Limit Owed Available $ $ $ TOTAL (Enter also on Page 3, Item 24-C) $ |
Enlarge image | IPA-BUS Page 2 SECTION II - ASSETS (continued) 15. Real Property (including Investment Property, Unimproved Land, etc.) Description Address Current Market Amount Equity In Value Owed Property $$ $ Total (Enter also on Page 3, Item 24-D) $ 16. Vehicles ( Excluding Leased Vehicles) Tag Current Market Amount Equity In Description Make Model Year Number Value Owed Vehicle $$ $ Total (Enter also on Page 3, Item 24-E) $ 17. Accounts Receivable Name Date Due Status Amount Due $ Total (Enter also on Page 3, Item 24-F) $ 18. Loans From Business To Proprietor, Partners, Officers, Shareholders or Others Name Relationship Payoff Date Status Amount Due $ Total (Enter also on Page 3, Item 24-G) $ 19. Machinery and Equipment (Including Furniture, Fixtures, Business Machines, etc.) Description Current Market Amount Equity In Value Owed Mach. & Equip. $ $ $ Total (Enter also on Page 3, Item 24-H) $ 20. Merchandise Inventory (Goods Held for Sales and/or Raw Materials Used in Manufacture Fabrication or Production) Description Current Market Amount Equity In Value Owed Mach. & Equip. $ $ $ Total (Enter also on Page 3, Item 24-I) $ |
Enlarge image | IPA-BUS Page 3 SECTION II - ASSETS (continued) 21. Securities (Stocks, Bonds, Mutual Funds, Government Securities, Money Market Funds, etc.) Type Issuer Quantity or Current Denomination Value $ TOTAL (Enter also on Page 3, Item 24K) $ 22. Other Assets Current or Description Current or Type Appraised Value Appraised Value $ TOTAL (Enter also on Page 3, Item 24K) $ SECTION III - LIABILITIES 23. Liabilities Total Amount Description Total Amount Description Owed Owed Notes Payable $ Past Due Federal Taxes $ Loans Payable Past Due State Taxes Vehicle Leases Past Due Other Taxes Equipment Leases Other Liabilities: Bank Revolving Credit Judgments Payable TOTAL (Enter also on Page 3, Item 25) $ SECTION IV - NET WORTH CALCULATION 24. ASSETS A. Cash On Hand $ B. Bank Accounts C. Bank Credit Available D. Real Property E. Vehicles F. Accounts Receivable G. Loans From Business to Proprietor, Partners, Officers, Shareholders or Others H. Machinery and Equipment I. Merchandise Inventory J. Securities K. Other Assets Total Assets $ 25. LIABILITIES $ 26. Net Worth (“Total Assets” Minus “Liabilities”) $ |
Enlarge image | IPA-BUS Page 4 SECTION V - INCOME & EXPENSE ANALYSIS 27. Business Income and Expenses For: (Check One) [ ] Fiscal Year Ending OR [ ] Period to Accounting Method: (Check One) [ ] Cash [ ] Accrual Other: Annual Income Amount Annual Expenses Amount Gross Receipts From Sales, Services, etc. $ Materials Purchased $ Gross Rental Income Net Wages & Salaries Interest Income Rent or Mortgage Expenses Dividends & Capital Gain Distribution Installment & Lease Payments Royalty Income Supplies & Office Expenses Commissions Utilities Other Income (Specify) Transportation Expenses Repairs & Maintanance Insurance Current Taxes Bad Debts Travel & Entertainment Advertising Other Expenses (Specify) Total Income $ Total Expenses $ 28. Net Income (“Total Annual Income” Minus”Total Expenses”) $ SECTION VI - OTHER INFORMATION 29. Has this business disposed of any assets or property by sale, transfer, exchange, gift, or in any other manner during tha past 18 months? [ ] Yes [ ] No If “Yes”, receiving party: 30. Is a foreclosure proceeding pending on any real estate, equipment or other property that this business owns or has an interest in? [ ] Yes [ ] No 31. Is another party holding any assets on behalf of this business? [ ] Yes [ ] No If “Yes”, identify: 32. Is this business a party to any lawsuit now pending? [ ] Yes [ ] No 33. Is this business currently under bankruptcy court jurisdiction? [ ] Yes [ ] No If “Yes”, Bankruptcy Case No.: I/we have examined this Statement of Financial Condition for Businesses and hereby affirm that to the best of my/our knowledge and belief it is true, correct and complete. Taxpayer’s Signature Date Taxpayer’s Signature Date POA Signature Date (Must complete Power of Attorney - Use Department of Revenue Form RV-F0103801, enclosed) |
Enlarge image | STATE OF TENNESSEE DEPARTMENT OF REVENUE ANDREW JACKSON STATE OFFICE BUILDING NASHVILLE, TENNESSEE 37242 TO WHOM IT MAY CONCERN: You have my authorization to release any financial data that pertains to me or my company to the Tennessee Department of Revenue. Signature Date SOCIAL SECURITY # Sworn to and subscribed before me on the date of first above written. (Notary Public) My commission expires: RV-F0200501 |
Enlarge image | Tennessee Department of Revenue INSTALLMENT PAYMENT AGREEMENT SUPPORTING DOCUMENT CHECKLIST Installment pay agreements submitted under the provisions of an inability to pay a tax in full will require an analysis of your financial condition. To expedite this process, it is necessary that you provide the following information and documents along with your initial application. Copies of most current federal income tax returns for personal and/or business for the most current year. Copies of most current bank statements for all checking and savings accounts, personal, and/or business for the most current two months. Statements from lending institutions that show current balances owed and monthly payment schedule. (i.e. bank notes, car loans mortgages). A list of all your business equipment, office furniture and other business assets, including the current fair market value of each. A list of all accounts receivable, (business), showing the payer, amount due, age and status of each account. If personal liability applies, then you must provide proof of employment, income, commission, fees, pensions, etc., for yourself and spouse, if applicable. Even though your spouse may not be liable, this is necessary for equitable distribution of cost of living expenses. A check stub or letter from your employer will do. I have completed each item from the above document checklist. I have checked each item that is applicable. Any item that is applicable. Any item that is not checked has been written through, “NA”. Signature Date / / Daytime Phone: ( ) Home Phone Number: ( ) For Office Use Only |
Enlarge image | TENNESSEE DEPARTMENT OF REVENUE POWER OF ATTORNEY PART 1 Power of Attorney (Please type or print.) 1. Taxpayer Information (Taxpayer must sign and date this form on line 6.) Taxpayer name and address Account number(s) Daytime telephone number ( ) hereby appoints the following representative as attorney-in-fact: 2. Representative (Representative must sign and date this form on page 2, Part II.) Name and address Telephone No. ( ) Fax No. ( ) to represent the taxpayer before the Tennessee Department of Revenue for the following tax matters: 3. Tax Matters Type of Tax (Sales and Use, Franchise, Excise, etc.) Year(s) or Period(s) 4. Acts Authorized. --The representative is authorized to receive and inspect confidential tax information and to perform any and all acts that I can perform with respect to the tax matters described in line 3, for example, the authority to sign any agreements, consents, or other documents. The authority does not include the power to receive refund checks. 5. Notices and Communication. --Notices and other written communications will be sent to the first representative listed in line 2. 6. Signature of Taxpayer.- If signed by a corporate officer, partner, guardian, tax matters partner/person, executor, receiver, administrator, or trustee on befalf of the taxpayer, I certify that I have the authority to execute this form on behalf of the taxpayer. Signature Date Title (if applicable) Print Name RV-F0103801 |
Enlarge image | PART II Declaration of Representative Under penalties of perjury, I declare that: . I am authorized to represent the taxpayer(s) identified in Part 1 for the tax matter(s) specified there; and . I am one of the following: a. Attorney or Certified Public Accountant b. Officer or full-time employee taxpayer organization c. Other If this declaration of representative is not signed and dated, the power of attorney will be returned. Designation -- Insert above letter (a-c) Jurisdiction (state) Signature Date |
Enlarge image | For additional information or assistance, contact the nearest Revenue Collection Services Regional Office. Memphis Chattanooga 3150 N. Appling Road 1301 Riverfront Parkway, Suite 203 Bartlett, TN 38133 Chattanooga, TN 37402 (901) 213-1451 (423) 634-6288 Jackson Knoxville Suite 301 Box 44 7175 Strawberry Plains Pike State Office Building Suite 300 225 Martin Luther King Jr. Dr. Knoxville, TN 37914 Jackson, TN 38301 (865) 594-6081 (901) 423-5745 Johnson City Nashville 204 High Point Dr. Andrew Jackson State Office Bldg., 8th Floor Johnson City, TN 37601 500 Deaderick St. (423) 854-5364 Nashville, TN 37242 (615) 360-0401 Deliver this application and all attachments to the following address: |