Sharon P. asked
I have a tax liability of $55K with the IRS, including late fees. The IRS recently asked for a $9K payment by next week and a monthly payment plan of $760. I am concerned about my savings being at risk and want to know if I should make the lump sum payment and set up the payment plan, or if there are other strategies to handle this situation, such as filing a form 911 or an Offer in Compromise, especially given my medical issues and the potential for a tax refund from prior years.
February 12th, 2024
Tamara M. answered
Given your situation, here are some steps and considerations: 1. Negotiated Payment Plan: The IRS ha...
February 12th, 2024
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