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Within a payment plan for financing, the consumer pays back a fixed amount of money every month until the balance is cleared. Credit cards require a more flexible payment plan, where there is a minimum required payment per month, and the borrower can decide how much to pay back and when.
Please visit My Alabama Taxes (MAT) at to submit a payment plan request. You will need to provide the last 4 digits of your Social Security Number in addition to the letter ID of any letter received from the Alabama Department of Revenue (ADOR).
How do you write a letter of agreement between two parties? Make sure you detail the specifics of the loan, from the name and address of the debtor and lender to the amount loaned, payment method, and terms of the agreement. Both parties will need to sign the agreement as a way to acknowledge its validity.
Let's look at a quick example to illustrate the nature of a payment agreement. Person A (the debtor) borrows $5,000 from person B (the creditor). Both parties agree that person A must pay person B $1,000 a month over five months to repay the debt.
Including a clear description of the payment plan Clearly state the date the payment plan agreement is being created. List the full names of the parties involved in the agreement. Provide an itemized list of the payments that need to be made, including the payment amount and due date for each payment.
Description:1. Failure to File Penalty: 10% tax due, or $50 which ever is greater. 2. Failure to Pay Penalty: Assessed if the taxpayer doesn't pay the tax after 30 days past the deadline, and amounts to 1% per month but will not exceed 25% of the tax due. Alabama Income Taxes and AL State Tax - eFile.com eFile.com ? efile-alabama-income-tax-retu... eFile.com ? efile-alabama-income-tax-retu...
You may mail any payments to Alabama Department of Revenue, Income Tax Administration, P O Box 327460, Montgomery, Al 36132-7460. Can I set up a payment plan? - Alabama Department of ... Alabama Department of Revenue (.gov) ? faqs ? can-i-set-u... Alabama Department of Revenue (.gov) ? faqs ? can-i-set-u...
Contact your creditors by phone, email or letter to tell them about your situation and to make an offer to pay the amount you can afford. It's recommended to send a written copy even if you come to agreement over the phone. Use our template letter for your creditors to contact them about debt repayment plans.
If you have unpaid back taxes, the Collection Service Division of the ALDOR has the right to collect them from you involuntarily. This in-house collection department can garnish your wages, issue tax liens on your assets, seize your bank accounts, or order your assets auctioned off for sale.