IRS Enlarges Its “Expanded Installment Agreement” to $250,000

The IRS offers several types of installment agreements whereby taxpayers can pay delinquent income tax liabilities over time. Typically, installment agreements in excess of $50,000 require the taxpayer to provide a financial statement to the IRS and to negotiate the payment terms. In 2016, the IRS tested a new type of installment agreement that allowed…