Question: We just filed delinquent 2023 tax returns and we owe the IRS $8,000 that we do not have. Can we make a deal with the IRS to pay them off monthly over time? Answer: A guaranteed installment ...
An installment agreement allows taxpayers to make monthly payments toward their balance, but it comes with strict compliance rules. Missed filings – even for years with little or no tax due – can ...
Tax professionals warn that everyday expenses and lifestyle choices can derail IRS payment plans before they're approved ...
Logan Allec, CPA is the founder, owner and president of tax relief services company Choice Tax Relief, which serves clients nationwide. When taxpayers fall behind with the IRS, obtaining "tax relief" ...