- Instructor: Attorney Bob Schaller
- Lectures: 9
- Quizzes: 1
Terminating & Modifying Existing Installment Agreements.
Generally, an installment agreement approved by the IRS remains in effect for the stated term of the agreement. 26 U.S.C. § 6159(b)(1). However, a taxpayer may request that the IRS alter, modify or terminate the terms of the installment agreement because of a change in the taxpayer’s financial circumstances. 26 U.S.C. § 6159(b)(3); United States v. Ullman, Civil Action No. 01-0272 (E.D. Pa. 5/8/2002).
Congress empowered the Secretary to unilaterally alter, modify, or terminate an installment agreement upon certain conditions set forth in 26 U.S.C. § 6159(b). These conditions are described below; an installment agreement may not be terminated for reasons other than those listed below. IRM § 5.14.11.3(3) (01-01-2015); United States v. Ullman, Civil Action No. 01-0272 (E.D. Pa. 5/8/2002) (the IRS may only terminate the agreement if a condition enumerated in the statute is present).
Overview
IRS Terminates Installment Agreement Because of Inaccurate Prior Information
IRS Terminates Agreement Because Taxpayer's Failure to Pay Amount Identified in Original Agreement
Agreement Terminated Because of Taxpayer's Failure to Pay Other Tax
IRS Terminates Agreement Because of Taxpayer's Failure to Provide Requested Information
Agreement Terminated Because of Taxpayer's Failure to Pay Modified Agreement Amount
IRS Terminates Agreement When Tax Collection Is in Jeopardy
Reinstatement of Defaulted or Terminated Installment Agreement
IRS Office of Appeals
Quiz
Reviews
Tax Law
This course teaches tax professions that, generally, an installment agreement approved by the IRS remains in effect for the stated term of the agreement. However, a taxpayer may request that the IRS alter, modify or terminate the terms of the installment agreement because of a change in the taxpayer's financial circumstances.
