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 Law Updates

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