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The IRS does charge you a user fee for setting up the installment agreement, unless you apply online and pay in full within 120 days.
The minimum payment is $25.00.
The user fee for the installment agreements that you enter into after January 1, 2007 will cost you $105.
The IRS uses the Department of Health and Human Services poverty guidelines, to help to determine if you can apply and be qualified to pay a reduced user fee of $43 for establishing new agreements.
Find out about it in the installment agreement acceptance letter that would be sent to you.
If you default on an agreement or are restructuring an existing agreement, there is a fee.
If you incur another tax debt when you have an existing approved installment agreement, the amount of the payment might be able to be modified or restructured to include the new tax owed.
A lot of people break out in a nervous sweat and get the shakes when it comes time to file their taxes.
The first time that I tried to file by myself left me with a feeling of confusion because I did not bother to read any information about how to go about it in a fair way, a way that didn't leave me broke and living in a cardboard box in the alley.
I just had at it without reading anything and it was overwhelming. I assure you that after all these years I won't get into a difficult situation like that without any proper info and good forms to file.
Some folks just file as fast as they can to get it over with. They loose out on a bunch of legitimate deductions and allocations that could have saved them a ton of money at tax time.
I would rather be getting a nice tax refund than pay the IRS a lot of money. Pay attention to the details.