Negotiating Installment Agreements

Mary Lou Gervie, CPA A task frequently faced in representing clients before the IRS Collection Division is negotiating an “installment agreement” — an arrangement under which monthly payments are made, free of the threat of levies and seizures. Despite the IRS’s imposition of a system of miserly national and local expense “standards” in August 1995, there is still room for effective advocacy. Furthermore, the IRS Restructuring and Reform Act of…