IRS Online payment agreement

To expedite the collection process, and my opinion to deal with the IRS budget cuts.  The IRS now has an online payment agreement application.

This is shown as a three step process:

1. Determine eligibility:  Owe no more than $50,000 in combined tax, penalties and interest, and are
   current on all tax filings.
2. Have your information available:
   • Social security number
   • Date of birth
   • Caller ID number from recent notice
   • Adjusted Gross Income
   • Bank address
   • Employer address
   • Highest payment amount you can make
   • Tax return
3. Then apply, you will receive immediate notification of acceptance or rejection.

I have never gone through the process so; I am unable to express an opinion.  When I work with clients on this issue we have called in and talked to a representative.