ISR 110: Installment Agreements

Overview
Curriculum
Instructor
Reviews

Instructor: Attorney Bob Schaller
Lectures: 4
Quizzes: 1

Installment Agreement Affected by Request for Relief.

Some taxpayers do not know their tax options and contact the IRS for an installment agreement after receiving notice from the IRS that an audit revealed a tax deficiency due to a spouse’s failure to report income or improper deduction claim. This could be a costly mistake. A better tactic might be claiming relief from joint and several liability.

This begs the question: How does the filing of IRS Form 8857, Request for Innocent Spouse Relief impact an existing installment agreement that was executed before the taxpayer realized the better strategy was to claim relief from joint and several liability?

Overview 0/1
- Lecture 1.1
  Overview of Request for Relief’s Affect on Installment Agreements
  10 minutes
  10m
Claim for Relief Ultimately Denied 0/1
- Lecture 2.1
  Should a Taxpayer Continue Making Installment Payments?
  10 minutes
  10m
Claim for Relief Ultimately Granted 0/1
- Lecture 3.1
  Affect on Installment Agreement if Claim for Relief is Granted
  10 minutes
  10m
Strategy 0/1
- Lecture 4.1
  Installment Agreement Strategy
  10 minutes
  10m
Quiz 0/1
- Quiz 5.1
  Test Your Knowledge of the Impact of Installment Agreements Upon Requests for Relief
  10 questions60 minutesFinal
  1h0m

Attorney Bob Schaller

OIC Tax Attorney & Registered CPA

Bob has been practicing law for over 35 years and brings his skills and insight into every course. He is admitted to practice before the United States Supreme Court, the United States Tax Court, the United States Court of Appeals for the Seventh Circuit, and the Illinois Supreme Court. He authored the 654-page book titled "IRS Offer in Compromise, Installment Agreements & Innocent Spouse Relief: A Treatise for Tax Professionals."

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Tax Law
Installment Agreements

This course teaches tax professionals the effect on an installment agreement if a claim for relief is granted. If relief is ultimately granted, the installment is no longer needed because the Requesting Spouse is relieved of the tax liability subject to the installment agreement. If the Requesting Spouse continues to make installment payments and relief is granted under Innocent Spouse Relief or Equitable Relief, then the Requesting Spouse may be entitled to a refund of these payments.