Fill Irs Form 13844 Centralized 2024

Hi, this is Anthony, and today we're going to talk about streamlined installment agreements and some changes that the IRS announced on October 4th, 2017. We appreciate streamlined agreements because they reduce the amount of work we have to do, which means we can charge our clients less. This is important because money is tight for both us and the IRS. In the past, if you owed tax debts over $10,000, the IRS would require you to provide financial information. This created extra work, and if you filled out the form yourself, you may have been tempted to lie or omit information. However, this is not a good idea, as it can lead to serious consequences, including prison time. So, it's important to be truthful and accurate when providing financial statements. Let me give you an example to illustrate the significance of this issue. Suppose you pay $2,000 a month for your 16-year-old daughter to attend a private school. If you were to include this expense on the form, the IRS would likely reject it because private school expenses are not typically allowed. This would result in a higher installment agreement amount. However, there is a possibility to justify this expense as reasonable and necessary, which would make it allowable. We spend a lot of time working on cases like this, gathering documentation and working with IRS appeals. Now, let me provide you with some additional facts. In this case, your daughter has mild autism, and she has experienced bullying that was not properly addressed at her previous public school. These factors can be used to support your argument for the $2,000 expense. However, as you can see, this requires a significant amount of work, including collecting prior history documentation, notes from the doctor, and collaborating with IRS appeals. Therefore,...