Newly Announced IRS "Streamlined Installment Agreement" May Reduce Difficulty And Expense In Resolving Federal Back Tax Problems

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The IRS has just announced a significantly revised installment payment program that will make it easier for taxpayers to obtain a payment plan. Key features include a doubling of allowable tax debt (to $50,000) and an additional twelve months (from 60 to 72 months). Requirements include full filing compliance and direct debit from a financial account. From Richard Paul McClellan, Lawyer, 820 Mililani St., Ste. 701, Honolulu, Hawaii 96813, www.taxsolutionslawyer.com

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Published In: Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Richard Paul McClellan III, Richard Paul McClellan III Lawyer | Attorney Advertising

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