- Instructor: Attorney Bob Schaller
- Lectures: 9
- Quizzes: 1
Terminating & Modifying Existing Installment Agreements.
Generally, an installment agreement approved by the IRS remains in effect for the stated term of the agreement. 26 U.S.C. § 6159(b)(1). However, a taxpayer may request that the IRS alter, modify or terminate the terms of the installment agreement because of a change in the taxpayer’s financial circumstances. 26 U.S.C. § 6159(b)(3); United States v. Ullman, Civil Action No. 01-0272 (E.D. Pa. 5/8/2002).
Congress empowered the Secretary to unilaterally alter, modify, or terminate an installment agreement upon certain conditions set forth in 26 U.S.C. § 6159(b). These conditions are described below; an installment agreement may not be terminated for reasons other than those listed below. IRM § 5.14.11.3(3) (01-01-2015); United States v. Ullman, Civil Action No. 01-0272 (E.D. Pa. 5/8/2002) (the IRS may only terminate the agreement if a condition enumerated in the statute is present).
