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We owed last year and now we owe this year .. We have an…

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Hello, We owed...

Hello, We owed last year and now we owe this year .. We have an installment agreement already set up with the IRS from our 2016 returns. Can we include our 2017 in with the 2016. We owe total apx 3,000. We just cannot pay our taxes in full. Will the IRS accept another installment loan?

Submitted: 1 month ago.Category: Tax
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3/12/2018
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago
Tax.appeal.168
Tax.appeal.168, Tax Accountant
Category: Tax
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Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

There will only be one installment agreement. As you already have an agreement, you need to contact the IRS as soon as possible and ask them to add the new balance to the current agreement. One of the terms and conditions of having an installment agreement is that a new balance will default your agreement. SEE BELOW:

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There will only be one installment agreement which includes all of the tax years that you owe. You will want to contact the IRS as soon as possible to have it included because a new balance will automatically default your current agreement (It is one of the terms and conditions.)

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Customer reply replied 1 month ago
Okay, thank you!
Tax Professional: Tax.appeal.168, Tax Accountant replied 1 month ago

You are quite welcome. You would call 1-***-***-****. Be prepared to be on hold for a long period of time.

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