Court Says Tax Lien Does Not Have to Be Filed Prior to Entering Into an Installment Agreement

Court Says Tax Lien Does Not Have To Be Filed Prior To Entering Into An Installment Agreement

In Budish v. Commissioner, T.C. Memo. 2014-239, the U.S. Tax Court held that the IRS erred in insisting on a tax lien being filed before it would accept an installment agreement. This case serves as a reminder that a tax lien does not have to be filed if it creates a hardship that would make…

Increased Fees for IRS Tax Installment Agreements

Increased Fees For Irs Tax Installment Agreements

The IRS recently reviewed the government cost of processing IRS tax payment installment agreements, which has resulted in the IRS proposing to increase the costs for filing IRS installment agreements. The IRS tax payment installment agreement is one of the remedies of last resort to taxpayers who have outstanding tax liabilities. There are a number…

IRS Says Taxpayer’s Payments Were Too High

Irs Says Taxpayer’s Payments Were Too High

If the taxpayer submits an installment agreement request that full pays the liability, can the IRS reject the request as the payment amount is too high? The court addresses this in Lites v. Commissioner, T.C. Memo. 2005-206. Facts & Procedural History The taxpayers were a husband and wife. The taxpayer-husband was a financial products salesman…