Free Illinois Cpp 1 Template

Free Illinois Cpp 1 Template

The Illinois CPP-1 form serves as a formal request for an installment payment plan with the Illinois Department of Revenue, designed for individuals or businesses facing financial hardship and unable to pay their tax delinquencies in full. By providing essential personal or business information, detailing the debt, and proposing a payment plan, this form is the first step towards managing tax liabilities more effectively. If you're looking to ease your tax burden through structured payments, consider filling out the CPP-1 form by clicking the button below.

Open Illinois Cpp 1 Editor

Residents or businesses in Illinois facing tax delinquencies due to financial difficulties have a structured way to address their debt through the CPP-1 form, offered by the Illinois Department of Revenue. This important document facilitates entry into an installment payment plan, allowing tax liabilities to be settled over time rather than in a lump sum, a valuable option for those who cannot afford to clear their dues all at once. It outlines a straightforward process starting with personal identification—where individuals include detailed information about themselves and, if applicable, a spouse. Notably, the form requires disclosing Social Security numbers, providing a clear link to the taxpayer's identity. For business-related debt, additional details such as the Federal Employer Identification Number and legal business names are necessary. A significant part of the form is dedicated to describing the debt and structuring the payment plan, including determining the tax periods involved, the initial down payment, and the subsequent installment amounts and frequencies. Applicants are also required to provide financial institution information to facilitate ACH debit payments, streamlining the redemption process. Finally, the form includes a declaration section where the taxpayer must agree to terms ensuring cooperation with the IDOR's guidelines and processes. This agreement includes consent for the department to make scheduled withdrawals from a designated bank account and outlines potential consequences of failing to adhere to the agreed payment schedule. The utility of form CPP-1 lies in its ability to relieve taxpayers from immediate financial pressure while ensuring that tax liabilities are adequately addressed, reflecting the state's efforts to provide manageable solutions for tax compliance.

Sample - Illinois Cpp 1 Form

_________________________________________________________________
Your spouse’s first name and middle initialLast name
_________________________________________________________________
Street address - No PO Box numberApartment or suite number
Last name
Step 1: Identify yourself (and spouse, if applicable)
A ___ ___ ___ - ___ ___ - ___ ___ ___ ___
Your Social Security number
___ ___ ___ - ___ ___ - ___ ___ ___ ___
Your spouse’s Social Security number
__________________________________________________
Your first name and middle initial
CPP-1

Illinois Department of Revenue

Installment Payment Plan Request

_________________________________________________________________

CityStateZIP

_________________________________________________________________

Your email address

BIf business debt, identify your business or organization

___ ___ - ___ ___ ___ ___ ___ ___ ___

Federal employer identification number (FEIN)

___ ___ ___ ___ - ___ ___ ___ ___

Illinois account ID

Legal business name: ________________________________

Doing-business-as (DBA), assumed, or trade name, if different from the legal business name on the line above:

__________________________________________________

__________________________________________________

Business mailing address

__________________________________________________

City

State

ZIP

(_____)______________

(_____)______________

__________________________________________

Your home phone number

Your work phone number

Name of person responsible for remitting payments

(_____)______________

(_____)______________

(_____)______________

Your mobile phone number

Your spouse’s phone number

Phone number

Step 2: Describe your debt and installment payment plan request

1

Identify the tax periods covered by this agreement. _________ _________ _________

_________ _________

2

Write the amount of your good faith downpayment. See instructions.

2

$_____________

3

Write the remaining amount of debt to be covered by this installment payment plan request.

3

$_____________

If your unpaid liability is over $10,000, complete and attach Form EG-13-I or Form EG-13-B. See instructions.

4 Write the date of your first installment payment __ __ /__ __ /__ __ __ __ and payment amount. 4 $_____________

5Check one of the following options to describe how often you will make payments.

One payment per month

 

One payment per week

Date of month ___ ___

 

Day of week _______________

One payment every other week Day of week _______________

Step 3: Provide your financial institution and account information

6 ______________________________________________________ Check this box if you do not have a bank account.

Financial institution’s name

____________________________________________________________________________________________________________________

Mailing addressCityState ZIP

____________________________________________________________________________________________________________________

Name(s) on the account (list all names)

Routing number ___ ___ ___ ___ ___ ___ ___ ___ ___

Checking or

Savings

Find your routing number at the bottom of your check (for checking accounts) or contact your financial institution for the routing number (for savings accounts).

Account number ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___ ___

Check this box to authorize ACH debit payments from this account.

Step 4: Read the statement and sign below

I agree to, and understand, that (1) the Illinois Department of Revenue (IDOR) is authorized to use the information on this form to make withdrawals (ACH debits) at the frequency I selected in Line 5 and from the account listed on Line 6 in accordance with the Department of Revenue Law of the Civil Administrative Code of Illinois and all applicable Illinois tax acts, and that this authorization remains in effect until the debt is paid or I notify IDOR in writing to cancel; (2) IDOR may request additional information about my financial condition and I may be required to pay a higher amount than the payment plan described above; (3) IDOR has the discretion to file a lien at any time, including, but not limited to, when IDOR determines there is a risk of non- payment; (4) IDOR may contact me about this payment plan at any address and phone number listed in Step 1 (this includes electronic communication by email or text); and (5) if I do not remit the scheduled payment, file all required returns, and pay all taxes when due, IDOR may cancel my installment payment plan, my entire unpaid balance will become due immediately, and IDOR may take enforcement action, including levy of my bank account or wages.

Under penalties of perjury, I state that I have examined this form and, to the best of my knowledge, it is true, correct, and complete.

______________________________________________________________________

__ __ / __ __ / __ __ __ __

 

Your signature or authorized officer (if officer, write title)

 

 

Month, day, year

 

 

 

 

 

Department use only

 

 

 

 

_________________________________ __ / __ __ / __ __ __ __

______________________________ __ __ / __ __ / __ __ __ __

Approved by assignee

Date approved by assignee

Approved by supervisor

Date approved by supervisor

CPP-1 (R-10/20)

This form is authorized as outlined under the tax or fee Act imposing the tax or fee for which this form is filed. Disclosure of this information is REQUIRED. Failure to provide information may result in this form not being processed and may result in a penalty.

Printed by the authority of the state of Illinois — Web only, One copy

See instructions on next page.

CPP-1 back (R-10/20)

Instructions for Form CPP-1, Installment Payment Plan Request

General Information

Who should file this form?

You should file Form CPP-1, Installment Payment Plan Request, if you have tax delinquencies that you cannot pay in full because of a financial hardship and you would like to enter into an installment payment plan with us.

What is an installment payment plan?

An installment payment plan is an agreement between you and the Illinois Department of Revenue to pay your tax delinquencies using regularly scheduled payments. Your scheduled payment amount and the length of time that you have to pay is based on your financial condition.

When is this form due?

There is no specific due date. We recommend that you file this form when you receive a bill or notice which you are unable to pay because of a financial hardship. Once you receive the bill or notice, you should complete and return this form within 10 days. Note: Even when you enter into an installment payment plan, you continue to accrue interest and applicable penalties and fees on the delinquent tax you owe.

When will my installment payment plan request be approved?

Approval of your request for an installment payment plan will depend upon the completeness of the information you provide on this form. If additional information is needed to process your request, we will contact you.

If our review finds that you

can pay in full, then we will require you to do so.

qualify for an installment payment plan, we will send you a letter of

approval and the conditions of the installment payment plan.

How must I make my installment plan payments?

ACH debit — If you have a checking or savings account, you may be required to make your installment payments using the ACH debit program. It is the recommended form of payment for installment payments. The ACH debit program allows you to have the installment payments automatically withdrawn from a savings or checking account.

Note: If we approve your installment payment plan request, your plan approval letter will describe the requirements for your payments.

How must I make my first payment or extra payments?

To make your first payment or if you would like to make payments IN ADDITION to your regular installment payments, you may use one of the following options.

MyTax Illinois — This is the Department’s online account management system. You may use MyTax Illinois to make electronic

payments as well as file returns for most taxes. Go TO mytax.illinois.gov.

Pay by Phone” — Call

1 866-490-2061 to make a payment from your checking or savings account. You will need your Taxpayer ID, bank routing number, and bank account number.

Mail — You may mail your remittance to

INSTALLMENT CONTRACT UNIT ILLINOIS DEPARTMENT OF REVENUE PO BOX 19035

SPRINGFIELD IL 62794-9035

Credit card (This payment method is only available for Individual Income Tax liability.) — You

may make payments using your Visa, Discover, MasterCard, or American Express. The credit card service provider will assess a convenience fee. Each service provider charges its own rate. The rates can vary daily. The Department of Revenue receives no money from these fees. Please note that this is the only payment option where you will be charged a convenience fee. To make a credit card payment, visit our website at tax.illinois.gov or call 1 866-490-2061 and choose the credit card payment option. If your payment is for a prior year, select “prior year.”

Where do I send my completed form?

Please fax your completed form to us at 217 785-2635 or mail it to

INSTALLMENT CONTRACT UNIT ILLINOIS DEPARTMENT OF REVENUE PO BOX 19035

SPRINGFIELD IL 62794-9035

Where do I get help?

Visit our website at tax.illinois.gov

Call our Installment Contract Unit at 217 785-8556

Write to

INSTALLMENT CONTRACT UNIT ILLINOIS DEPARTMENT OF REVENUE PO BOX 19035

SPRINGFIELD IL 62794-9035

CPP-1 Instructions Front (R-10/20) Printed by the authority of the state of Illinois — Web only, One copy

Step-by-step Instructions

Step 1: Debtor identification

Line A Complete all lines. If you have a spouse who is also liable, complete the lines about your spouse.

Line B If business debt, complete all lines to identify the business or organization.

Step 2: Describe your debt and installment payment plan request

Line 1 Identify all tax periods (i.e., month, quarter, or year) for which the liability exists. For individual or business income tax liabilities, write the tax year covered by the return.

If you need additional space, write the tax period beside the line provided or list the tax periods on a separate sheet of paper and attach it to this form.

If you have both individual income tax and other tax debt, submit a separate Form CPP-1 for the individual income tax liability.

If you are requesting an installment payment plan for more than one type of tax other than individual income tax (i.e., sales, withholding, excise, or business income tax), you may combine the tax types on your Form CPP-1. Write the type of tax beside the line provided or list the tax types and periods on a separate sheet of paper and attach it to this form.

Line 2 Write the amount of your good faith down payment (which is due with your completed Form CPP-1). You must make this payment using MyTax Illinois or “Pay by Phone” payment method or by mailing us a check or guaranteed remittance. Please make your down payment amount as large as possible to reduce additional interest accrual. Interest accrues on the tax until paid.

Line 3 Write the amount of debt to be included in your installment payment plan. If your unpaid liability is over $10,000, complete Form EG-13-I, Financial and Other

Information Statement for Individuals, or Form EG-13-B, Financial and Other Information Statement for Businesses, and submit it with Form CPP-1. Both of these forms are available on our website at tax.illinois.gov.

Line 4 For your regular installment plan payments, write the date payments will begin and the amount of each payment. Please make the payment amount as large as possible to reduce additional interest accrual. Interest accrues on the tax until paid.

Line 5 Check one box to tell us how frequently you will make your installment plan payments as identified on Line 4.

Step 3: Provide your financial institution and account information

Complete all lines about your account. Check the box to authorize the Illinois Department of Revenue to utilize the ACH debit method of payment from this account.

Step 4: Read the statement and sign the form

You (or in the case of a business, the person responsible for remitting payments) must sign the statement. If you do not, processing of your request will be delayed and we may take collection action to collect the unpaid debt.

We will contact you if we do not approve the installment payment plan as you request or if we need additional information from you.

By signing the application, you agree to the following:

(1)the Illinois Department of Revenue (IDOR) is authorized to use the information on this form to make withdrawals (ACH debits) at the frequency you selected in Line 5 and from the account listed on Line 6 in accordance with the Department of Revenue Law of the Civil Administrative Code of Illinois and all applicable Illinois tax acts,

and that this authorization remains in effect until the debt is paid or you notify IDOR in writing to cancel;

(2)IDOR may request additional information about your financial condition and you may be required to pay a higher amount than the payment plan described on this form;

(3)IDOR has the discretion to file a lien at any time, including, but not limited to, when IDOR determines there is a risk of non-payment;

(4)IDOR may contact you about this payment plan at any address and phone number listed in Step 1 (this includes electronic communication by email or text); and

(5)if you do not remit the scheduled payment, file all required returns, and pay all taxes when due, IDOR may cancel the installment payment plan, the entire unpaid balance will become due immediately, and IDOR may take enforcement action, including levy of your bank account or wages.

CPP-1 Instructions Back (R-10/20)

Form Properties

Fact Number Fact Name Description
1 Form Purpose The CPP-1 form is used to request an installment payment plan for tax delinquencies with the Illinois Department of Revenue (IDOR).
2 User Identification Individuals or businesses with tax debt complete this form, providing personal or business identification details.
3 Debt Description The form requires a detailed description of the debt, including tax periods and the amount owed.
4 Payment Information Applicants must outline their proposed payment plan, including the down payment, remaining debt, and payment frequency.
5 Bank Account Details For ACH debit plans, bank account information is required on the form.
6 Approval Process The form includes a process for IDOR review and approval, which may require additional financial information.
7 Signatory Requirement The form must be signed by the taxpayer or an authorized officer of a business, agreeing to the terms laid out on the form.
8 Electronic Communications IDOR may contact applicants via the provided addresses or phone numbers for matters related to the payment plan.
9 Governing Laws The installment payment plan is governed by the Department of Revenue Law of the Civil Administrative Code of Illinois and all relevant state tax acts.
10 Consequences of Default If payment terms are not met, IDOR may cancel the plan and take enforcement action, including levy of bank accounts or wages.

Detailed Guide for Filling Out Illinois Cpp 1

Understanding how to navigate the Illinois CPP-1 form for requesting an Installment Payment Plan is crucial for individuals facing financial hardship and unable to pay tax delinquencies in full. Following these steps methodically ensures that the request is submitted accurately, providing the information needed for a smooth processing experience. With each step, individuals are closer to achieving a payment plan that aligns with their financial condition, keeping further financial strain and potential enforcement actions at bay.

  1. Debtor Identification
    1. For individual debt, fill in your Social Security number and your spouse’s, if applicable, along with both first names, middle initials, and last names.
    2. For business debt, provide the Federal Employer Identification Number (FEIN), Illinois Account ID, legal business name, and any DBA (Doing Business As) names. Include the complete business mailing address and contact phone numbers, naming the person responsible for payments.
  2. Describe your debt and installment payment plan request
    1. Accurately identify all tax periods for which liability exists, indicating each on the form. Add any necessary details on a separate sheet if space is insufficient.
    2. Determine and write down the amount of your good faith down payment. This upfront payment demonstrates your commitment to resolving the debt.
    3. Calculate and note the remaining debt amount to be covered by the installment plan.
    4. Specify the start date for your installment payments and the amount for each installment.
    5. Choose your payment frequency (monthly, weekly, or bi-weekly) and mark the appropriate option.
  3. Provide your financial institution and account information
    • Input your financial institution's name, mailing address, the names on the account, and both the routing and account numbers.
    • Select the checking or savings option and indicate if you authorize ACH debit payments.
  4. Read the agreement statement and sign the form
    • Review the conditions regarding IDOR’s use of the information, additional information requests, lien filing discretion, communication agreement, and failure to comply consequences.
    • Sign and date the form, acknowledging your understanding and agreement. Include the title if signing for a business.

Upon completion, your form will be reviewed for approval based on the provided information. If additional details are needed or if your installment payment plan request is not accepted as submitted, the Illinois Department of Revenue will reach out. Successfully submitting your form and adhering to the agreed terms can pave the way toward financial stability and compliance with state tax obligations.

Listed Questions and Answers

Frequently Asked Questions About Illinois CPP-1 Form

  1. What is the Illinois CPP-1 form for?

    The Illinois CPP-1 form is used to request an installment payment plan with the Illinois Department of Revenue (IDOR) for tax delinquencies. It's designed for individuals and businesses facing financial hardship who cannot pay their owed taxes in full.

  2. When should I file the CPP-1 form?

    There isn't a specific due date for the CPP-1 form. It's recommended to file this form upon receiving a bill or notice of delinquency when full payment cannot be made due to financial hardship, ideally within 10 days of receiving the notice.

  3. What information do I need to provide on the CPP-1 form?

    You'll need to identify yourself (and your spouse, if applicable), describe your debt and how you plan to repay it through installments, and provide financial institution and account information for payments. Be prepared to include both parties' Social Security numbers or Federal Employer Identification Number (FEIN) and personal and business addresses, if applicable.

  4. How do I make my installment payments?

    Installment payments can be made using the Automated Clearing House (ACH) debit program, which automatically withdraws payments from your checking or savings account at the agreed frequency. You need to authorize IDOR to initiate these payments on the form.

  5. What if I can't make an ACH debit payment?

    If you're unable to use an ACH debit for payments, consider alternative methods such as online payment via MyTax Illinois, phone payments, mail, or, for individual income tax liabilities, credit card payments. Note that credit card payments include a convenience fee.

  6. Where do I send the completed CPP-1 form?

    You can fax your completed form to 217-785-2635 or mail it to the INSTALLMENT CONTRACT UNIT, ILLINOIS DEPARTMENT OF REVENUE, PO BOX 19035, SPRINGFIELD IL 62794-9035.

  7. What happens after I submit the form?

    Once submitted, your information will be reviewed by the IDOR. If additional information is needed or if you qualify for the payment plan, you'll receive a letter of approval along with the conditions of your installment plan. If the form is incomplete or if it's determined you can pay the full amount, you may be contacted for further action.

  8. Can my installment payment plan request be denied?

    Yes, requests can be denied. This could happen if the IDOR determines you're able to pay the full amount, if your proposed payment plan doesn't meet their guidelines, or if there's incomplete information on your CPP-1 form. They may also require additional financial details.

  9. What are my responsibilities once on an installment plan?

    You must make all scheduled payments on time, file all required returns, and pay any new taxes as they become due to avoid cancellation of your installment plan. Failure to comply with these responsibilities can result in the cancellation of the plan and full payment being due immediately.

Common mistakes

When individuals or businesses in Illinois find themselves unable to pay tax delinquencies in full due to financial hardship, the Illinois Department of Revenue offers an option to enter into an installment payment plan using Form CPP-1. However, there are common mistakes people make when filling out this form, which can delay or affect the approval process. Understanding and avoiding these mistakes can help ensure that the process goes smoothly.

  1. Not specifying all required identification details: It's crucial to complete every line of the debtor identification section. Forgetting to include essential information like Social Security numbers, business Federal Employer Identification Numbers (FEINs), or Illinois account IDs can lead to processing delays.
  2. Incorrectly listing tax periods covered by the agreement: Every tax period that you are requesting to include in the installment plan must be clearly identified. Omitting periods or listing them inaccurately may result in partial approvals or processing delays.
  3. Failing to provide a good faith down payment amount: The down payment signals your commitment to the payment plan. Neglecting to specify this amount or not making the payment as instructed can jeopardize the approval of your request.
  4. Not accurately stating the total debt amount: It’s important to include the entire debt amount you wish to cover under the installment plan. Underestimating or overestimating this amount can lead to complications in your plan's approval and administration.
  5. Leaving out financial institution details: For those opting for ACH debit payments, providing complete and accurate bank account information is crucial. Missing or incorrect details can prevent the Department of Revenue from processing your payments.
  6. Choosing an unclear payment frequency: The form allows you to select how often you will make payments. Not clearly indicating your chosen frequency can lead to misunderstandings about your payment schedule.
  7. Not including necessary additional forms for liabilities over $10,000: For unpaid liabilities exceeding $10,000, you must also complete Form EG-13-I or Form EG-13-B. Failure to attach the required form can halt the processing of your request.
  8. Forgetting to sign the form: An unsigned form is one of the most common oversights. The Department of Revenue requires your signature to process the installment payment plan. An unsigned form will be considered incomplete and not processed.
  9. Ignoring the disclosure requirement: The form must be filed with full disclosure of the information requested. Not doing so may not only result in the form not being processed but could also potentially lead to penalties.

Avoiding these mistakes can help facilitate a smoother and quicker processing of your Form CPP-1, bringing you one step closer to managing your tax delinquencies more effectively. Always review your form carefully before submission and consult the instructions provided by the Illinois Department of Revenue or seek professional advice if you are unsure about any aspect of the form or the process.

Documents used along the form

When engaging with the Illinois Department of Revenue to set up an installment payment plan through the CPP-1 form, you may find that a variety of additional forms and documents are crucial to support your request or to maintain compliance with the state tax laws. Understanding these documents' relevance and purpose can streamline the process and help ensure you meet all required legal obligations effectively.

  • Form EG-13-I: Financial and Other Information Statement for Individuals. This form is necessary for individuals who owe more than $10,000. It provides the Illinois Department of Revenue detailed information about an individual's financial situation to determine the ability to pay the tax debt.
  • Form EG-13-B: Financial and Other Information Statement for Businesses. Similar to its counterpart for individuals, this form is designed for businesses that owe over $10,000 and provides the state with a comprehensive look at the business's financial health.
  • IL-1040: Illinois Individual Income Tax Return. Individuals must file this form annually to report their income, calculate state tax, and determine any refund or tax owed to the state.
  • Form IL-941: Illinois Withholding Income Tax Return. Employers use this form to report income taxes withheld from employees' wages to the Illinois Department of Revenue on a quarterly basis.
  • Form IL-501: Payment Coupon and Instructions. Employers required to withhold and pay state income taxes must use this form for their monthly or semi-weekly deposits.
  • Form REG-1: Illinois Business Registration Application. New businesses or those that have changed their structure, ownership, or business activities use this form to register or update their registration with the Illinois Department of Revenue.
  • Form ST-1: Sales and Use Tax and E911 Surcharge Return. This is the primary form used by businesses to report and pay state sales tax, as well as any applicable local taxes or surcharges.
  • MyTax Illinois account: Though not a form, registration for a MyTax Illinois account is essential for taxpayers who wish to manage their tax accounts online, including filing returns, making payments, and accessing important tax documents.
  • Power of Attorney: While not specific to tax resolution, a Power of Attorney (POA) form allows an individual to grant another person the authority to act on their behalf in financial matters, including tax matters.

In addition to the CPP-1 form, these documents play pivotal roles in managing your tax obligations and interactions with the Illinois Department of Revenue. They ensure that both individuals and businesses remain compliant while providing necessary financial disclosures, making tax payments, or disputing any tax liabilities. In preparing to submit a CPP-1 form or when dealing with any tax-related matter, gathering and understanding these associated documents can facilitate a smoother process and prevent potential issues down the line.

Similar forms

  • The Federal Tax Installment Agreement Request (Form 9465) bears a resemblance to the Illinois CPP-1 form in that both allow taxpayers to request an installment plan for paying off tax liabilities when they're unable to pay their tax debt in full. These forms gather taxpayer identification details, financial institution information for automatic payments, and specifics about the tax debt and proposed payment plan.

  • The Offer in Compromise (Form 656) offered by the Internal Revenue Service (IRS) parallels the Illinois CPP-1 form in the financial disclosure aspect. While the Offer in Compromise is designed for negotiating a settlement for less than the full amount owed, both forms require detailed information about the taxpayer's financial situation, including income, debts, and assets, to determine payment capabilities.

  • Application for Reduced User Fee for Installment Agreements (Form 13844) mirrors aspects of the CPP-1 form since both entail an engagement with tax authorities to modify the financial terms of repayment for taxpayers facing economic difficulties. Specifically, both applications include sections where the taxpayer must argue or prove financial hardship or inability to pay under standard terms.

  • The Request for a Certificate of Compliance on Taxes Paid (Form COC), while specific to proving tax compliance or clearance for entity dissolution or business sale purposes, shares the similarity of providing detailed taxpayer and business information to the state revenue departments, akin to the information requirements found in the CPP-1 form for the purpose of arranging tax debt payments.

  • State Tax Lien Release Request Form offers a parallel in terms of its function concerning tax liabilities as the CPP-1 form, even though it serves the specific purpose of requesting the removal of a lien. Both forms necessitate detailed personal and business (if applicable) financial information to process the taxpayer's request related to their tax obligations.

Dos and Don'ts

Filling out the Illinois CPP-1 form for an installment payment plan request involves careful attention to detail. Here are some key do's and don'ts to help guide you through the process:

  • Do provide accurate and complete information about yourself, your spouse (if applicable), and if it's a business debt, your business. This includes full names, Social Security numbers or Federal Employer Identification Numbers (FEIN), and contact details. Incomplete or inaccurate information can lead to processing delays or rejection of the form.
  • Do make a good faith down payment as required in step 2, line 2 of the form. This shows your commitment to paying off the debt and can help reduce the overall interest accrued.
  • Do check the box to authorize ACH debit payments if you're comfortable with automatic withdrawals from your account. This can simplify the repayment process and help ensure you don't miss a payment.
  • Do read and understand the terms and conditions before signing the form. Your signature acknowledges your agreement to the terms of the installment payment plan and your obligations under it.
  • Do submit any additional required forms if your unpaid liability is over $10,000. This includes Form EG-13-I or Form EG-13-B, which provide further financial details.
  • Don't use a PO Box number for your street address. A physical address ensures that any correspondence or legal documents reach you without delay.
  • Don't forget to include the legal name and any DBA (doing business as) names for business debts. This helps avoid confusion and ensures that your payment plan is applied to the correct account(s).
  • Don't leave out any tax periods covered by the installment agreement. Failing to identify all relevant periods can result in incomplete coverage of your debt.
  • Don't ignore the instructions for making your first payment or extra payments. Following these guidelines helps to avoid processing delays and ensures that your payments are correctly applied.
  • Don't submit the form without reviewing all the information for accuracy and completeness. An incomplete or incorrectly filled form can delay the approval of your installment payment plan.

Misconceptions

Many people have misunderstandings about the Illinois CPP-1 form, which can lead to confusion when trying to request an installment payment plan. Here are six common misconceptions clarified:

  • Only individuals can file: Both individuals and businesses can request an installment payment plan using the CPP-1 form. For businesses, it’s important to provide the Federal Employer Identification Number (FEIN) and the Illinois Account ID.
  • It stops interest and penalties: Entering into an installment payment plan does not stop the accrual of interest and applicable penalties. Even while on the plan, your debt continues to grow with these additional charges.
  • Approval is automatic: Approval of your payment plan request is not guaranteed. The Illinois Department of Revenue (IDOR) requires a complete review of your financial situation and the information provided on the form before approval.
  • The down payment is optional: When requesting an installment plan, writing the amount of your good faith down payment is necessary and not optional. This payment reduces the overall interest on your remaining debt.
  • Payments can be made in any form: While there are multiple methods to make your first or additional payments, regular installment payments are preferably made through ACH debit from a checking or savings account once your plan is established.
  • You only need to fill out the CPP-1 form: If your unpaid liability is over $10,000, you must also complete and attach Form EG-13-I or Form EG-13-B, providing further financial information along with your CPP-1 form.

Correcting these misconceptions is crucial for individuals and businesses preparing to submit a CPP-1 form. Understanding the requirements and implications of the installment payment plan can help in effectively managing one's financial obligations to the IDOR.

Key takeaways

Filing for an installment payment plan through the Illinois Department of Revenue's CPP-1 form is a process that allows individuals and businesses facing financial difficulties to manage their tax liabilities. Understanding the form and its requirements can simplify the setup of a payment plan suitable for managing outstanding tax debts. Here are four key takeaways for anyone considering filling out and using the Illinois CPP-1 form:

  • Complete Identification is Crucial: Step 1 of the CPP-1 form requires detailed identification information. For individuals, this includes your and if applicable, your spouse’s Social Security numbers, as well as your contact details. Businesses must provide their Federal Employer Identification Number (FEIN), legal business name, and other business details. Ensuring this information is accurate and complete is essential to avoid processing delays.
  • Detailing Your Debt and Payment Plan: Step 2 focuses on describing your debt and how you plan to address it. This includes identifying the tax periods covered by the agreement, the amount of your good faith down payment, and the total amount of debt you wish to include in the payment plan. You also need to specify your first installment payment date and amount, alongside choosing your payment frequency. Being realistic and truthful in this section helps the Illinois Department of Revenue (IDOR) to evaluate and process your request effectively.
  • Bank Account Information for ACH Debits: In Step 3, providing your financial institution and account information is necessary for setting up Automatic Clearing House (ACH) debit payments. This simplifies the payment process by allowing the IDOR to automatically withdraw installment payments from your account. Remember to check the authorization box for ACH debit payments to confirm your consent.
  • Understanding the Agreement and Obtaining Approval: Before signing the form in Step 4, it's critical to thoroughly read and understand the terms you're agreeing to. This includes the IDOR's right to request additional financial information, the potential filing of a lien, and the consequences of failing to adhere to the agreed payment plan. Your signature also confirms that all the information provided is true and accurate to the best of your knowledge, under penalty of perjury.

Approach filling out the CPP-1 form with honesty and diligence, as this is the first step toward managing your tax obligations in a way that considers your financial situation. The Illinois Department of Revenue offers this option as a means to work collaboratively with taxpayers, helping to ease the burden of outstanding tax liabilities through structured payments.

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