Fill Irs Form 13844 Dont 2024

Music. When a taxpayer owes a large sum of money to the IRS, there are options available. One of these options is the installment agreement program, which allows the taxpayer to pay off their tax debt over time. Hi, I'm Gary and welcome to Tax Bulldog, where I provide thoughts and ideas for trimming your tax debt. These videos are designed to help you avoid costly professional fees by providing you with information to help yourself. However, if your situation is complex, it may be beneficial to consult a tax professional. See my video on selecting a tax professional at this link (link will be provided in the description below). Before we begin, I need to make a few disclosures. For the sake of brevity, I will list these disclosures in the description below. Please be sure to read them as they contain important information you will need to know. In these videos, I will reference links and resources on the web. These links will be displayed on the screen and listed in the description below. If a link is lengthy, I will only list it in the description. There are six types of installment agreement programs, which I will briefly explain in no particular order. - Guaranteed installment agreement: For taxpayers who owe less than $10,000, this program allows the debt to be paid off within three years. - Streamline installment agreements: This program has two types. The first is for taxpayers who owe less than $25,000, with a payment period of six years. No financial information is required. The second type is for taxpayers who owe between $25,000 and less than $50,000, with a payment period of six years. Some minimal financial information may be required. In these agreements, taxpayers may avoid a tax lien by agreeing to direct...