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Intro 103: Understanding the IRS Collection Process
Understanding the IRS Collection Process. https://youtu.be/qn3hMR9pjOk This course provides a brief overview of the IRS collection process. It does not provide strategies or exceptions to the rule. Later courses provide a greater explanation of these issues. The collection process starts after a taxpayer files a tax return without full payment…
OIC 128: OIC Affects an Installment Agreement
Installment Agreements Affected by OIC. Is a taxpayer required to continue making installment agreement payments if the taxpayer plans on filing an Offer in Compromise? Yes, is the simple answer because the Offer in Compromise application has not yet been submitted and has not yet been approved for processing by the IRS. …
IA 101: Routine Installment Agreements
Routine Installment Agreements. The Federal government raises money to fund governmental operations through tax revenues collected by the IRS. Taxpayers are required to voluntarily comply with the Tax Code, including filing returns and paying taxes. The IRS wants full payment of the tax liability ASAP. The IRS encourages taxpayers to pay…
IA 102: Levy Protection with Installment Agreements
Levy Protection Afforded by Installment Agreements. Installment agreements are employed to shield taxpayers from the IRS’ dreaded levy apparatus while paying back-taxes through a systematic repayment plan. The IRS’ most lethal collection weapon is the feared LEVY. The IRS uses the levy as a sword against taxpayers by seizing taxpayers’ money…
IA 103: Guaranteed Installment Agreements
Guaranteed Installment Agreement. The “Guaranteed” installment agreement program is one of the IRS’ special installment agreement programs. Other special programs with their own specific criteria discussed elsewhere include “Streamlined” installment agreements, “In-Business Trust Fund Express” installment agreements, and “Partial Payment” installment agreements. As discussed in a previous course, Congress granted…
IA 104: Streamlined Installment Agreements
Streamlined Installment Agreement. The “Streamlined” installment agreement program is another of the IRS’ special installment agreement programs. Other special programs with their own specific criteria discussed elsewhere include “Guaranteed” installment agreements, “In-Business Trust Fund Express” installment agreements, and “Partial Payment” installment agreements. The “Streamlined” installment agreement program has many helpful…
IA 105: In-Business Trust Fund Express Installment Agreements
In-Business Trust Fund Express Installment Agreement. The “In-Business Trust Fund Express” installment agreement program is another of the IRS’ special installment agreement programs. Other special programs with their own specific criteria discussed elsewhere include “Guaranteed” installment agreements, “Streamlined” installment agreements, and “Partial Payment” installment agreements. The “In-Business Trust Fund Express” installment agreement…
IA 106: Partial Payment Installment Agreements
Partial Payment Installment Agreements. Is your client unable to pay the back-taxes in full prior to the collection statute expiration date? Then all installment agreement programs discussed in earlier courses are of no use – because those installment agreements require the taxpayer to fully pay the tax liability prior to…
IA 107: Exploring IRS Form 9465, Installment Agreement Request
Exploring IRS Form 9465, Installment Agreement Request. Form 9465, Installment Agreement Request, can be used by an individual taxpayer who cannot pay the full amount owed as shown on a tax return or on a notice sent by the IRS. Form 9465, Installment Agreement Request, initiates the request for a monthly installment…
IA 108: Understanding “Pending” Installment Agreements
Understanding “Pending” Installment Agreement Requests. The IRS sets forth its criteria for identifying “pending” agreements in IRM § 5.14.1.3 (07-16-2018). Before the IRS will identify an installment agreement as “pending,” the taxpayer must do the following: (a) provide information sufficient to identify the taxpayer – generally, the taxpayer’s name and…
IA 109: Taxpayer’s Power to Withdraw a Pending IA Request
Taxpayer’s Power to Withdraw a Pending Request. Withdrawal requests are only applicable to pending installment agreements, and typically requested when another case closing action is determined to be the appropriate case resolution. IRM § 5.14.4.6(2) (05-17-2017). Examples of other case closing actions include full payment, Offer in Compromise, currently not…
IA 110: IRS Acceptance & Rejection Determinations
IRS Acceptance & Rejection Determinations. Acceptance or rejection of a proposed “routine” installment agreement is based on analysis of (a) compliance with filing and payment requirements, (b) collection information statements, and (c) taxpayer provided documentation. As explained in other lessons, special criteria exist for those taxpayers who qualify for Guaranteed,…