So, you find yourself owing the IRS and not being able to pay? Sometimes, due to unforeseen circumstances a taxpayer is unable to pay their entire balance due to the IRS. Rather than failing to file ...
Many IRS installment agreements fail not because of missed payments, but because taxpayers overlook ongoing compliance ...
Clients in deep individual tax debt to the IRS now have a retooled payment option—if they qualify and know the pitfalls. The IRS Simple Installment Agreement (IA) has replaced the agency’s Streamlined ...
Experts recommend that taxpayers in installment agreements file all required returns promptly and address any compliance gaps before they escalate into enforcement actions. By answering a few simple ...
For many people facing back taxes or unpaid federal tax debt, a partial pay installment agreement (PPIA) is one solution. PPIAs spread out payments over time, based on how much the taxpayer can ...
The Internal Revenue Service needs to do a better job of administering the partial payment installment agreements it offers to taxpayers with delinquent tax debts as many of them end up defaulting, ...
The Internal Revenue Service has released proposed regulations that would increase the user fees for both offers in compromise and installment agreements for the first time since 2007. The proposal ...