INSTALLMENT AGREEMENTS (IA)

INSTALLMENT AGREEMENTS (IA)

2 TYPES:

  • TAX PAYERS WITH LESS THAN 10,000 IN LIABILITY
  • TAX PAYERS WITH MORE THAN 10,000 IN LIABILITY.

HOW TO REQUEST AN IA:

  • FILE FORM 9465, “INSTALLMENT AGREEMENT REQUEST.”
  • INTEREST AND PENALTIES CONTINUE TO ACCRUE;
  • CALCULATE INCOME AND EXPENSES JUST LIKE IN AN OIC.
  • IA REQUEST MUST BE THE AMOUNT OF EXCESS INCOME;
  • EXPENSES MAY NOT BE FOLLOWED AS CLOSELY AS IN AN OIC, PANTICULARY IF THE IA WILL PAY THE LIABILITY OFF QUICKLY.

FOR IA REQUESTS UNDER 10,000, GUARANTEED ACCEPTANCE IF:

  • DURING THE PAST 5 YEARS, ALL RETURNS FILED TIMELY;
  • IRS DETERMINES THAT YOU CAN NOT PAY TAX OWED IN FULL WHEN IT IS DO AND YOU PROVIDE IRS WITH REQUESTED INFORMATION;
  • YOU AGREE TO PAY WITHIN 3 YEARS AND COMPLY WITH TAX LAWS WHILE IA IS IN EFFECT.

INSTALLMENT-AGREEMENTS

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