First, the income tax return filing must be up to date. At that point, the IRS may require a collection information statement to determine how much you can afford to pay each month. In some cases, if you propose a minimum monthly amount that meets their criteria, all that paperwork can be avoided and an installment agreement can be arrived at quickly.
HOW DO I QUALIFY FOR AN INSTALLMENT AGREEMENT TO PAY MY OVERDUE TAX LIABILITIES?
Dec 30, 2020 | Clearing Tax Debt in NYS, Tax Questions New Windsor NY