Saturday, December 10, 2011

What options am I looking at for a defaulted tax payment agreement?

You haven't defaulted yet. You should have submitted one installment agreement request covering both years. You should be notified that your agreement has been accepted or rejected. If you owe less than $25,000 and can pay over five years, it will be accepted routinely. You would get a nastygram by certified mail before IRS takes any enforcement actions.

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