For some, the goal is to pay in full as quickly as possible in order to minimize interest and late payment penalties. But others have created tax debts so large that it is not possible to pay in full. These poor souls must be attentive to the expiration of the statute of limitations for collection, a compromise offer2 or bankruptcy3 For them, a payment agreement in instalments is a transitional solution and the goal is to negotiate the smallest payment that the IRS will accept. The IRS`s objective is easier to identify and more consistent – the treasurer wants the largest monthly payment the taxpayer can afford.4 iv) That any new vehicle contract, primarily used as a demonstrator sold to a bona faith seller employed by the seller, be exempted from the requirement that instalment payments be substantially equal; The IRS of course has its own forms for everything, and when it comes to instalment payment agreements, the key form is the “Collection Information Statement” – Form 433-A for individuals and Form 433-B for businesses.5 The best way to help a customer facing a tax collection problem is to help them fill out these forms accurately. and with complete documentation. Each figure must be correct and justified, not only because the form is signed out of perjury, but also because an incomplete or inaccurate form destroys your credibility with the public treasury6 Unfortunately, many taxpayers are simply not able to pay their taxes in full, even by selling or borrowing against their assets. These people are forced to look at future cash flows to solve their tax problems. The IRS will follow, but reluctantly. And when taxpayers are not adequately represented and informed, the collection service sometimes refuses to grant instalment payment agreements or demands monthly payments that cannot be maintained or that compromise taxpayers` ability to make adequate arrangements for their families. By representing these clients in a comprehensive and creative manner, we can help them meet their tax obligations through appropriate and appropriate monthly payment agreements. Given the ability to easily challenge threats of legal action, many more taxpayers are filing their cases with the Appeals Board. And at these hearings, taxpayer representatives rightly assert that instalment arrangements offer an effective, reasonable and appropriate alternative to the confiscation of their clients` property. 1 The power of the service to conclude monthly payment agreements stems from Article 6159 of the CRI§ 6159.
(iii) offers of recovery options which may include the creation of a loan, the replacement of other assets, a instalment payment agreement or a compromise offer. . . .