Discussion:Installment Agreement: How to add new liability to existing agreement?

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(Has your client)
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{{ForumReplyPost|UserID=Mscash|Date=30 July 2009|Text=Has your client paid his 2009 estimated taxes? If he wants 2008 added to the agreement, he will have to be able to show that the bleeding has stopped or you can't help him.}} {{ForumReplyPost|UserID=Mscash|Date=30 July 2009|Text=Has your client paid his 2009 estimated taxes? If he wants 2008 added to the agreement, he will have to be able to show that the bleeding has stopped or you can't help him.}}
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 +{{ForumReplyPost|UserID=Taxea|Date=30 July 2009|Text=Skassel, I disagree. It is possible to have the new liability included with the existing IA if you articulate the reasons that caused the additional liability to occur...ie the TP's current financial status
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Revision as of 13:16, 30 July 2009

Discussion Forum Index --> Advanced Tax Questions --> Installment Agreement: How to add new liability to existing agreement?
Discussion Forum Index --> Tax Questions --> Installment Agreement: How to add new liability to existing agreement?

SoCalEA (talk|edits) said:

30 July 2009
I have a client who is trying to get back on track with his taxes. He currently has a plan in place for 2006/2007 taxes. Problem is that it looks like he is going to owe a lot for 2008 and with the current market conditions he is not going to be able to pay them by October 15. Is it possible to add this balance to the existing plan? Current plan is over $100k so it is with the big guns.

Skassel (talk|edits) said:

30 July 2009
Your client has a problem. The IA will default and there is nothing that can be done to stop it. You will be starting from scratch so charge them for a new case...seriously...

Mscash (talk|edits) said:

30 July 2009
Has your client paid his 2009 estimated taxes? If he wants 2008 added to the agreement, he will have to be able to show that the bleeding has stopped or you can't help him.

Taxea (talk|edits) said:

30 July 2009
Skassel, I disagree. It is possible to have the new liability included with the existing IA if you articulate the reasons that caused the additional liability to occur...ie the TP's current financial status
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