4006. INSTALLMENT PAYMENTS

4006 INSTALLMENT PAYMENTS 4006.1 An amnesty installment payment plan shall be available if payment of the full tax and interest due pursuant to § 4004.1 of this chapter would create a severe financial hardship. 4006.2 To apply for installment payments, the taxpayer shall do the following: (a) Submit a statement certifying that full payment would create a severe financial hardship; and (b) Pay at least fifty percent (50%) of the computed liability upon application. 4006.3 The following payment terms shall apply: (a) Fifty percent (50%) of the computed liability shall be due upon application, and the balance is to be paid in two (2) equal installments. Any unpaid balance of the computed liability shall bear interest until paid; (b) The Office shall issue a Statement of Account at the end of the payment period (or at the end of the amnesty period, whichever is later) for any amount still due; and (c) Failure to pay any amount of the computed liability when due may result in denial of amnesty. SOURCE: Final Rulemaking published at 34 DCR 4091, 4097 (June 26, 1987).