IRS Rejects Business Installment Agreement When Taxpayer Offered More Than It Could Afford – Part 2 of 2
In Part 1 of this article, we discussed the case of American Limousines, Inc. v. Commissioner of Internal Revenue[1], where the IRS and Tax Court rejected the taxpayer’s installment agreement wherein the taxpayer had offered a higher payment than it could afford. In a curious twist, while the IRS rejected the taxpayer’s offer of $2,000…
Read More