Did you fall out of your installment agreement with the IRS? Don’t panic! But do take action. The sooner you deal with this, the better the outcome. Not paying is generally not from refusal, but from being unable. If you legitimately can’t afford the installment agreement, we submit your financial information and either:
- Request a lower payment or
- Get you into Currently Not Collectible status
You must financially qualify for these. This means that the amount left over between your income and your “necessary” living expenses is all you can afford to pay. “Necessary” living expenses don’t include expensive car payments, mortgage payments or any unsecured debt payments. If your obligations are out of line with the national standards allowed, there can potentially be a one year lower payment with the agreement that you downsize and pay more on the debt later.