| Resolving IRS tax problems by yourself can be a very | | | | Once you have completed Form 9465 and have an |
| challenging task. The IRS offers many programs | | | | agreement in place, the IRS will suspend all collection |
| designed to resolve IRS tax problems. But most of | | | | efforts and will not issue any bank levies, wage |
| these programs take plenty of time to complete all the | | | | garnishments, or send additional collection notices. But |
| required forms and to complete the due diligence on | | | | you must remember that even if you are on an |
| the financial disclosures. The fact is, most taxpayers | | | | installment agreement, penalties and interest will |
| just don't have the ability to do it all by themselves. | | | | continue to accrue on the unpaid amount of the back |
| If bankruptcy or an offer in compromise is not an | | | | tax liability throughout the duration of the installment |
| option, a taxpayer should consider an installment | | | | agreement. |
| agreement. When trying to establish an agreement, the | | | | Just realize that in order to obtain an agreement, the |
| taxpayer must have reasonable negotiating skills. The | | | | taxpayer must be current on all tax filings. If you have |
| IRS wants to collect the entire balance due as soon as | | | | not filed your tax returns there is no way to know for |
| possible, while the taxpayer is in need of a payment | | | | sure how much you owe and what your penalties and |
| that works within their budget and that does not cripple | | | | interest may amount to. |
| them financially. | | | | |