Form IB-54 Installment Payment - North Carolina

What Is Form IB-54?

This is a legal form that was released by the North Carolina Department of Revenue - a government authority operating within North Carolina. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IB-54?
A: Form IB-54 is the Installment Payment form used in North Carolina.

Q: What is the purpose of Form IB-54?
A: Form IB-54 is used to request an installment payment plan to satisfy a tax debt owed to the State of North Carolina.

Q: Who can use Form IB-54?
A: Any individual or business who owes unpaid taxes to the State of North Carolina may use Form IB-54.

Q: What information is required on Form IB-54?
A: Form IB-54 requires information such as the taxpayer's name, address, tax types owed, and proposed payment plan details.

Q: What happens after I submit Form IB-54?
A: After submitting Form IB-54, the North Carolina Department of Revenue will review the request and notify the taxpayer of their decision.

Q: Are there any fees associated with Form IB-54?
A: There may be fees associated with setting up an installment payment plan using Form IB-54. These fees are determined by the North Carolina Department of Revenue.

Q: Can I change my installment payment plan after it is approved?
A: Yes, it is possible to make changes to an approved installment payment plan by contacting the North Carolina Department of Revenue.

Q: What happens if I miss a payment on my installment plan?
A: If a payment is missed on an approved installment plan, the taxpayer may be subject to penalties and interest on the unpaid balance.