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IRS Installments: Deal or No Deal?

Date: May, 2010

The IRS recently issued final regulations covering procedures for arranging installment agreements. These new regulations generally take a pro-taxpayer approach. 

In the preamble to the regulations, the IRS also acknowledged that many taxpayers have faced difficult financial situations as a result of the recession. It reiterates that you may request a revision of an agreement if you are experiencing economic hardship. 

Should you work out a deal with the IRS? Obtain professional assistance to answer this question. More details are available upon request.
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