Installment agreements

An IRS offer in compromise is available to virtually anyone who owes the IRS back taxes.  But it is important to avoid confusing the program’s widespread availability with success in getting your offer accepted. After all, the last thing you want to do is waste time and money with the IRS on an offer that […]

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What if you can afford a monthly installment agreement with the IRS, but your payments will not ever repay what you owe? The good news is that the IRS will give you a payment plan – and leave you alone – even though you cannot pay them back. The IRS calls this partial pay installment […]

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An offer in compromise can put IRS troubles behind you and bring a fresh start on your taxes. But the road to a fresh start with the IRS is not necessarily as simple as it may sound. The IRS has very strict criteria that they use to determine if a tax debt should be compromised. […]

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A concern frequently voiced by my clients is whether entering into an installment agreement with the IRS automatically extends the time the IRS has to collect. The perception is that if you agree to an installment agreement with the IRS, you are in it forever. Quite simply, you aren’t.  IRS installment agreements have end dates. […]

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You negotiated a payment plan with the IRS, and they have been leaving you alone.  As long as you make that payment, IRS letters and calls are on hold, and things are OK. But what if you have a sudden, unexpected expense.  Or an unexpected reduction in income? What if you simply get to the point […]

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