Installment agreements

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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I would like to share my response to a reader who was experiencing financial hardship because the IRS had levied his state income tax refund, and he needed the money to get his house out of foreclosure. As the reader correctly pointed out, the problem with the IRS levy was that it was made while […]

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You’ve made it – reached account resolution with the IRS by entering into an installment agreement to repay your taxes.  You may have had to negotiate with a local IRS Revenue Officer, or over the phone with the IRS automated collection service.  Maybe, you had minimal negotiations, made possible by qualifying for a streamlined installment […]

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