SBOE Installment Agreement
If you have received a notice of demand for payment from the SBOE, that means you have an outstanding tax liability with the SBOE. If you cannot pay the full amount of the tax liability, you have options to resolve your tax liability and prevent SBOE levies against your bank accounts or wages. If you disregard the SBOE notices, the SBOE can levy your bank accounts, issue wage garnishments, or seize assets to satisfy the tax liability.
If you cannot pay the full amount, you are entitled to establish a monthly installment agreement. The amount of your installment payment is based your ability to pay that amount. You will need to provide documentation to the SBOE to substantiate your ability to pay. The SBOE has its own form that it uses to receive financial information from taxpayers who are requesting an SBOE installment agreement.
The SBOE may end the agreement if you pay late, miss a payment, don’t file and/or pay all required tax returns, or if you do not comply with other terms of the agreement. The SBOE will typically send you a letter giving you notice that the payment plan has been defaulted.
Contact an SBOE Tax Attorney
If you have an SBOE tax liability, there are steps you can take to ensure that you can obtain an affordable monthly payment plan. Contact an SBOE tax attorney at Disparte Tax Law today for a free consultation.