When a taxpayer falls behind in their tax payment obligations, figuring how to get back on track can be a difficult prospect. Between the limitations of a taxpayer’s capability to meet their past due taxes, and the purpose of the IRS to collect as much as possible of those same taxes, it can be a
irs payment plan
Expense Categories
Expense Categories When the tax debtor is unable to meet his or her financial obligations, the Internal Revenue Service can provide a number of alternatives that will allow the taxpayer to meet those obligations over time. This is also known as an installment agreement, i.e. an agreement between the tax debtor and the IRS that
Hardship
When a taxpayer fails to meet his or her tax obligations, and provided that taxpayer does nothing to remedy the situation, such as request an offer in compromise or an installment agreement, the Internal Revenue Service will eventually initiate collection proceedings. Those collection proceedings include the filing of a Notice of Federal Tax Lien with
IRS methods of dealing with Repeater Taxpayers
The Internal Revenue Service (IRS) provides a range of options to taxpayers that cannot meet their tax obligations in a timely fashion. However, the IRS tends to give far less leniency to some taxpayers than others, and “repeaters” are one such group that the IRS tends to accord far less leniency. A repeater is defined
IRS Payment Plans over 50K
When a tax debtor is incapable of meeting his or her tax obligations, alternative mechanisms for satisfying a debtor’s tax obligations must be considered. A number of alternatives exist and have been approved time and again by the IRS, including Offers in Compromise and installment agreements. That said, the availability of these alternatives to paying
IRS Payment Plans for 50K or Less Owed
IRS Payment Plans for 50K or Less When a tax debtor is incapable of meeting his or her tax obligations, alternatives to payment of the full tax liability outright and immediately must be considered. Entering into an installment agreement with the Internal Revenue Service (IRS) is just one of a number of viable options for