IRS Rejects Installment Agreement When Taxpayer Offered More Than It Could Afford – Part 1 of 2
Taxpayer offers more than it could afford. Taxpayers may enter into installment agreements to pay outstanding taxes. Depending on the balance of tax, the IRS calculates the taxpayer’s reasonable collection potential in determining how much the taxpayer should be required to pay. But what happens if the taxpayer by the books can’t afford to pay…
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