Tuesday, October 4, 2011

Taxpayers sometimes still owe after installment agreement

Some taxpayers still owe taxes even after the successful completion of a streamlined installment agreement program, according to a report from the Treasury inspector general for tax administration.  Installment payments have not included current and future accruals of penalties and interest, meaning that many taxpayers continue to owe money to the Internal Revenue Service after the 60-month program.
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