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Internal Revenue Service Payment Plans

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Foodman CPAs & Advisors

Revocación O Denegación De Pasaporte Continúa

El 1/1/24, el IRS actualizó su página de revocación o denegación de pasaporte en casos de ciertos impuestos no pagados. La Sección 7345 del Código de Rentas Internas requiere que el Departamento del Tesoro de los EE. UU....more

Foodman CPAs & Advisors

Passport Revocation Or Denial Continues

On 1/1/24, the IRS updated its Passport Revocation or Denial Page in cases of certain unpaid taxes. Section 7345 of the Internal Revenue Code requires the U.S. Department of the Treasury to notify the U.S. Department of...more

Gray Reed

Compromising with the IRS

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Many people end up owing the IRS for many reasons and there are various options to resolve your tax debt.  Some of the options include an offer in compromise, installment agreement, or currently non-collectible status....more

Williams Mullen

Williams Mullen's Comeback Plan: Part I – State & Local Tax (SALT) Compliance During COVID-19: What to Do When You’re Behind

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Tax partners Stephanie Lipinski Galland and Kyle Wingfield summarize what you can do if you have not filed your state and local taxes or if you are unable to pay your tax bills due to the COVID-19 pandemic. Topics include...more

Burr & Forman

Financial Information From Taxpayers No Longer Required For Certain IRS Tax Payment Plans

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If a taxpayer owes federal taxes, but does not have the financial ability to pay these taxes in full, the taxpayer can apply for a payment plan with the IRS to pay these taxes, and usually on a monthly basis. However,...more

Burr & Forman

IRS Extends Streamlined Payment Plan Pilot Program Through September

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The IRS recently announced that it will be extending the streamlined payment plan pilot program through September 30, 2018. The plan allows taxpayers with federal tax liabilities up to $100,000 to qualify for streamlined...more

Jackson Walker

The IRS Has Extended Tax Deadlines for Victims of Hurricane Harvey

Jackson Walker on

The Internal Revenue Service has provided for a measure of relief to individuals and businesses that have been impacted by Hurricane Harvey. As described in Information Release-2017-135, the relief extends the deadline to...more

Burr & Forman

You Owe IRS Taxes: What Do You Do? The Offer in Compromise (Part 5)

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Where individuals and businesses owe IRS taxes, the IRS has a settlement program where it can legally accept less than what is owed. Known as an “Offer in Compromise,” Congress has given the IRS the authority to “compromise”...more

Burr & Forman

Currently Not Collectible Taxes: What Do You Do? (Part 4)

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If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can consider placing the account into “currently not collectible” (CNC) status. If placed in CNC status, a...more

Burr & Forman

Tax Payment Plans: What Do You Do? (Part 3)

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If an individual or business owes federal taxes and does not have the current ability to pay these taxes, the IRS can “seller-finance” and offer a payment plan with the taxpayer. The primary benefit of a payment plan is that...more

Burr & Forman

IRS Tax Payment Plans: IRS Considering Increased Payment Limits and Longer Payback Periods for Easier “Streamlined” Payment Plans

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Over the course of the next year, the Internal Revenue Service (IRS) is testing new eligibility criteria for its “streamlined” payment agreements, with the goal of making it easier for taxpayers to pay off their outstanding...more

Stinson - Benefits Notes Blog

IRS Says: Be Careful If You Outsource Payment

The IRS recently issued a fact sheet containing tips for employers who outsource payroll duties....more

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