IRS Charges More For Installment Agreements

IRS Charges More For Installment Agreements

The IRS has announced that effective Jan. 1, 2007, the following fees will increase:

The fee for new direct debit installment agreements, where payments are deducted directly from a taxpayer’s bank account, will increase from $43 to $52.


The fee for other new installment agreements will increase from $43 to $105.


The fee to restructure an existing or reinstate a defaulted installment agreement will increase from $24 to $45.

Popular posts from this blog

Bonus Depreciation under the new Tax Law can affect 2017 return

New Jersey Division of Taxation Closes Restaurant - leaving employees and customers stuck

Trump's tax plan