Fill Irs Form 13844 Sufficient 2024

Hello everyone. Today, I'd like to briefly discuss installment agreement payment plans. These are options that the IRS offers individuals to pay their tax debt. If you're one of those individuals who has taxes that are either current or past due, one of the payment plan options that I am going to discuss will probably work for you. Now, even though my memory is quite good, in order to not confuse the facts, I will refer to my notes occasionally when I'm speaking about a particular installment agreement payment plan. Again, I want to make sure that I give you the correct information as it relates to the particular payment plan. The IRS offers four different types of installment agreement payment plans. The first is the guaranteed installment agreement payment plan. The second is the streamline installment agreement plan. The third is the partial payment installment agreement payment plan, and then the fourth is the non-streamlined installment agreement payment plan. Each of these payment plans has slightly different requirements and rules. Let's start off with the guaranteed installment agreement payment plan. This tends to be the simplest installment agreement payment plan to get set up on. This particular plan is geared toward individuals who owe $10,000 or less, who are not currently in bankruptcy, and who are not under a current installment agreement payment plan. So, if you owe $2,000 or less, you may want to look into requesting to be put on a guarantee installment agreement plan. The second payment plan that I mentioned was the streamline installment agreement payment plan. This one seems to be the most common. It's for individuals who owe $50,000 or less and who agree that they can pay off the tax debt in six years or less. The plan slightly changed for tax year 2011. Prior to...