There is something about the human condition where we expect reason to prevail. We expect that if given the opportunity to explain, reasonable parties who take contrary positions will agree. This is not always the case, and it is often not the case when it comes to the IRS. For example, many businesses that owe…
Category: Installment Agreement
Installment Agreement
A payment plan to pay off IRS tax debts over time, allowing taxpayers to avoid collection actions. Give us a call to see how we can help, (713) 909-4906.
IRS Cannot Reject Payment Plan That is Too High
In the context of tax debt, the IRS offers taxpayers the option of submitting installment agreement requests to pay off their debts over time. However, the IRS also calculates a taxpayer’s “reasonable collection potential” to determine the amount that the taxpayer can reasonably pay toward their tax debt. If the IRS determines that the proposed…