You'll find yourself on the IRS or state money. Perhaps a lot of money. How do you take care of this? What are your options? Hi, I'm Gary and welcome to Tax Bulldog for the best thoughts and ideas for trimming your tax debt. These videos are to help you to help yourself to avoid costly professional fees. If your situation has a level of complexity, then you may want to consult a professional. These videos will at least give you an introduction of what to expect and to know when someone is just conning you. If you feel you need help, see my video on selecting a tax professional to represent you at this link. Now in this video, I'm going to discuss an overview of installment agreements. I will make references and display some links on the screen, and I will also list these in the description below. I will cover each of these options in a more in-depth video in future videos. Number one is a guaranteed installment agreement. When you owe less than $10,000 and can pay it in less than three years. Two has a streamlined installment agreement for less than fifty thousand dollars, and you can pay it within six years. Three has a regular installment agreement that requires full disclosure and is based on the determined ability to pay. Then a partial payment agreement is based on the remaining statutes graduated agreement as it starts out low and increases over a short time. Now in this, I make references to the collection statutes. This is in regards to what is called the collection statute expiration date. IRS collection statutes run for 10 years from the dates of taxes that are filed or assessed. It's not based on the tax year due dates. There...