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Paying over time: installment agreements, offers and CNC

SEE 3 Chapter 18 · IRS outline 3A1, 3A2, 3A3, 3A11

Domain 3 is where representation earns its keep. Chapter 14 measured Mira and Jon's ability to pay; now Nadia puts it to work. Some clients need only a few months; some need years; a few can never pay in full, and one or two can pay nothing at all right now. This chapter covers extensions of time to pay, every kind of installment agreement, offers in compromise and currently not collectible status, with the fees, forms and traps of each.

In this chapter

1. Extensions of time to pay and short-term plans
2. Types of installment agreements
3. Fees, terms and what happens during an agreement
4. Offers in compromise: the three grounds
5. Offers in compromise: the process
6. Currently not collectible status

This chapter has 6 lessons and 52 practice MCQs with explanations, plus flashcards and a recall sheet.

What this chapter covers

• Extensions to pay and Form 1127
• short-term and long-term plans
• guaranteed and simple agreements
• offers in compromise
• currently not collectible

Chapter 17: IRS notices, third parties, FOIA, the Advocate and identity theft · Chapter 19: Liens, levies, summonses and collection appeals