If you owe taxes to the IRS that you are unable to pay, it is very likely that you entered in to an IRS installment agreement to pay back the tax debt.  For many taxpayers, an IRS installment agreement is a no-fuss way to pay back their tax debt and get back on track with their tax obligations. However, changes in income, expenses, and life circumstances down the road can cause issues and lead to a situation where you are no longer able to pay your monthly installment agreement.  If you find yourself in a situation where you are no longer able to meet your ongoing installment agreement payments, there are things that you should know. One Time Skip The IRS generally allows a one-time payment skip without defaulting your installment agreement.  If you are having a rough month and missed your payment date, it does not mean that the IRS is automatically going to default your payment plan.  If you are still able to… Read More

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