“Part Pay” Installment Agreements
The continuing hostility of the IRS bureaucracy toward offers in compromise, and the recent decision of the Congress to severely restrict the availability and usefulness of bankruptcy, may combine to place more emphasis on installment agreements. But some taxpayers, particularly those with large tax debts involving multiple tax years, may find that they can’t meet the requirements of the traditional installment agreement. This is because installment agreements are required to…
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