Esteemed New York tax attorney Lewis Taishoff reports today that the IRS has increased the user fees for installment agreements and OICs.
Effective 1/1/14, an installment agreement will cost $120 (up from $105) and $50 (up from $45) to reinstate or restructure an existing agreement. The fees for a direct debit agreement ($52) and for low-income taxpayers ($43) won't change. An OIC will set you back $186 (up from $150). Still, low-income taxpayers and taxpayers making an offer based solely (and that means solely) on doubt as to liability get a free ride.
And it just so happens IRS is running a collection alternatives webinar today, 12/11/13. For further information register at http://www.visualwebcaster.com/event.asp?id=96566
Effective 1/1/14, an installment agreement will cost $120 (up from $105) and $50 (up from $45) to reinstate or restructure an existing agreement. The fees for a direct debit agreement ($52) and for low-income taxpayers ($43) won't change. An OIC will set you back $186 (up from $150). Still, low-income taxpayers and taxpayers making an offer based solely (and that means solely) on doubt as to liability get a free ride.
And it just so happens IRS is running a collection alternatives webinar today, 12/11/13. For further information register at http://www.visualwebcaster.com/event.asp?id=96566
