- Instructor: Attorney Bob Schaller
- Lectures: 10
- Quizzes: 1
Categories: Installment Agreements
Partial Payment Installment Agreements.
Is your client unable to pay the back-taxes in full prior to the collection statute expiration date? Then all installment agreement programs discussed in earlier courses are of no use – because those installment agreements require the taxpayer to fully pay the tax liability prior to the collection statute expiration date.
Instead, a “Partial Payment” installment agreement may be the answer for a taxpayer who is unable to satisfy the tax liability through any other type of installment agreement before the collection statute expiration date.
Curriculum
- 11 Sections
- 10 Lessons
- Lifetime
Expand all sectionsCollapse all sections
- Overview of Partial Payment Installment Agreements1
- IRS' Authority to Accept PPIA1
- Compliance Requirement1
- Bi-Annual Review of Taxpayer's Financial Wherewithal1
- Income Calculation for Payment Amount1
- Asset Calculation for Payment Amount1
- Economic Hardship1
- Trust Fund Liability1
- In-Business v. Out-of-Business1
- Extending the Collection Statute Expiration Date1
- Quiz1
Related Courses
Intro 103: Understanding the IRS Collection Process
Understanding the IRS Collection Process. https://youtu.be/qn3hMR9pjOk This course provides a brief overview of the IRS collection process. It does not provide strategies or exceptions to the rule. Later courses provide a greater explanation of these issues. The collection process starts after a taxpayer files a tax return without full payment…
OIC 105: Is the OIC Offer “Processable?” – Part 1
Is the OIC Offer Submitted “Processable?” – Part 1. https://youtu.be/RGivexRiG_0 The IRS receives the taxpayer’s offer. The first step it takes is to determine if the submitted offer is “processable.” This issue is divided into two separate courses. Part 1 addresses issue relating to the taxpayer’s ability to fully pay…
OIC 106: Is the OIC Offer “Processable?” – Part 2
Is the OIC Offer Submitted “Processable?” – Part 2. https://youtu.be/RGivexRiG_0 The IRS receives the taxpayer’s offer. The first step it takes is to determine if the submitted offer is “processable.” This issue is divided into two separate courses. Part 1 addresses issue relating to the taxpayer’s ability to fully pay…
OIC 126: Appellate Rights
Appellate Rights Relating to OICs. This course discusses appellate rights in the Offer in Compromise context. Appellate rights are better understood when segregated into three issues: (1) appellate rights relating to a pre-rejection “independent administrative review”; (2) appellate rights following a collection due process determination (i.e. offer made as part of…
OIC 128: OIC Affects an Installment Agreement
Installment Agreements Affected by OIC. Is a taxpayer required to continue making installment agreement payments if the taxpayer plans on filing an Offer in Compromise? Yes, is the simple answer because the Offer in Compromise application has not yet been submitted and has not yet been approved for processing by the IRS. …