Fill Irs Form 13844 Generated 2024

You find yourself on the IRS, owing a sum of money that you cannot pay immediately. How can you pay this without jeopardizing your financial stability? How can you avoid IRS collection actions such as liens, levies, and garnishments? Hi, I'm Gary, and welcome to Tax Bulldog, for the best thoughts and ideas for trimming your tax debt. These videos are meant to help you help yourself, to avoid costly professional fees. If your situation has a level of complexity, then you may want to consult with a professional. These videos will at least give you an introduction of what to expect and to know when someone is trying to con you. In this video, I'm going to discuss streamline installment agreements, which is one of the options available if you are in a financial hardship and just cannot pay anything at this time. You may be able to get your case placed in a currently not collectible status, then you are not required to make payments. That is another topic I will cover in another video. An installment agreement is a payment plan to pay overtime, much like a car payment. These streamline installment agreements are for individuals fewer than $50,000 pedaling, and interest will continue to accrue during the term of the agreement. There's nothing in the law that stops that. The streamline agreement is a really quick and easy agreement if you owe less than $25,000. If you owe more than $25,000 but less than $50,000, there is a streamlined process that just asks a few simple questions to be sure you don't have any liquid assets that could be used to pay the text at sooner. When you owe less than $25,000, there is very little effort to it. You can apply online or call the IRS at the...