Tag Archive for Installment Agreement

Assisting The IRS To Ensure Taxpayers Enter Installment Agreements They Can Afford

Nina Olson, Tax Advisor

Previously, I discussed my concerns about installment agreements (IAs) and the study TAS Research conducted on IAs. Today I will discuss the recommendations I have made to the IRS to ameliorate some of my concerns about IAs, both in the study and in the associated Most Serious Problem, both published in the National Taxpayer Advocate’s 2016 Annual Report to Congress. Per the TAS arrangement with the IRS, the IRS responds to recommendations I present in the Most Serious Problems in the Annual Report. I will also focus on the IRS responses to these recommendations. Read more

Streamlined Processing Of Installment Agreements

Ron Marini

The IRS is testing expanded criteria for streamlined processing of taxpayer requests for installment agreements. The test is scheduled to run through September 30, 2017.

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Everything You Wanted To Know About Installment Payment Plans, But Wished You Did Not Need To Ask

If you’re financially unable to pay your tax debt immediately, you can make monthly payments through an installment agreement. As long as you pay your tax debt in full, you can reduce or eliminate your payment of penalties or interest, and avoid the fee associated with setting up the agreement.

Before applying for any payment agreement, you must file all required tax returns.

You may be eligible to apply for a streamline payment agreement if:

• Individuals must owe $50,000 or less in combined individual income tax, penalties and interest, and have filed all required returns. Read more

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