What is an IRS Payment Plan?
Most people qualify to make payments on the IRS debt over time. The IRS typically calls these “installment agreements”.
There are different kinds of IRS installment agreements.
Some are set up to pay the
What Is an IRS “full Pay” Installment Agreement?
Most individuals with IRS debt will qualify to make payments on the IRS debt over time. The IRS typically calls these “installment agreements”.
There are IRS installment agreements that only pay a
What Is an IRS Installment Agreement?
Most individuals with IRS debt will qualify to make payments on the IRS debt over time. The IRS calls these arrangement installment agreements. These installment agreements can be based on time or they can
What Is an IRS “non-Streamlined” Installment Agreement?
An IRS non-streamlined installment agreement is an agreement a taxpayer makes with the IRS to pay a tax debt in full when it is between $50,000.00 and $250,000.00. The taxpayer must agree to
What Is an IRS “streamlined” Installment Agreement?
An IRS streamlined installment agreement is an agreement a taxpayer makes with the IRS to pay a tax debt in full that is less than $50,000.00 over 72 months or the remaining time
What Is an IRS “full Pay” Installment Agreement?
The IRS has several types of payment plans that a taxpayer can use to pay their IRS debt in full over time.
EXTENSION TO PAY
When a taxpayer is attempting to pay
When the IRS issues a CP40 letter, it means three things:
1. The IRS has assigned collection of your IRS debt to a private debt collector
The IRS is understaffed, and as a result has moved some collection files to
First Step – Understanding how It Really Works
Many taxpayers have the mistaken impression that making a “deal” with the IRS is an informal process. Unfortunately, it’s just the opposite. It’s a process governed by a number of laws and
The IRS “fresh Start” Program May Not Be What You Think It Is
In 2011 and 2012 the IRS felt the need to make some changes in an effort to help Americans struggling with tax debt. Bankruptcy filings were up,
The IRS garnishes paychecks and issues levies on accounts every day. It can seize homes, 401k’s, business equipment and almost everything else.
It’s powerful.
So powerful in fact, that if you owe it more than 62,000… it can restrict your