Form 71-661 Installment Agreement - Mississippi

What Is Form 71-661?

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

FAQ

Q: What is Form 71-661 Installment Agreement?
A: Form 71-661 Installment Agreement is a form used in the state of Mississippi to establish a payment plan for taxpayers who are unable to pay their tax liability in full.

Q: Who can use Form 71-661 Installment Agreement?
A: Individuals and businesses in Mississippi who are unable to pay their tax liability in full may use Form 71-661 Installment Agreement to set up a payment plan with the state.

Q: What is the purpose of Form 71-661 Installment Agreement?
A: The purpose of Form 71-661 Installment Agreement is to allow taxpayers in Mississippi to pay their tax liabilities over time instead of in one lump sum.

Q: How do I fill out Form 71-661 Installment Agreement?
A: To fill out Form 71-661 Installment Agreement, you will need to provide your personal information, tax liabilities, proposed monthly payment amount, and other relevant details. The form has instructions to guide you through the process.

Q: Are there any fees associated with Form 71-661 Installment Agreement?
A: Yes, there is a one-time setup fee for Form 71-661 Installment Agreement in Mississippi. The fee amount is specified on the form.

Q: What happens after I submit Form 71-661 Installment Agreement?
A: After you submit Form 71-661 Installment Agreement, the Mississippi Department of Revenue will review your request and notify you if it is approved or denied. If approved, you will receive further instructions on making your monthly payments.

Q: Can I make changes to my installment agreement once it is approved?
A: Yes, you can make changes to your installment agreement by contacting the Mississippi Department of Revenue and requesting a modification. However, the department may require additional information or documentation to support your request.

Q: What happens if I miss a payment on my installment agreement?
A: If you miss a payment on your installment agreement, you should contact the Mississippi Department of Revenue immediately to discuss the situation. Failure to make timely payments may result in defaulting on the agreement and possible collection actions.

Q: Is my installment agreement confidential?
A: No, your installment agreement is not confidential. It may be shared with other government agencies, including credit bureaus, for the purpose of enforcing tax collection.