Tax Debt Relief: 5 Tips to Set Things Right with the IRS

Tip 3: 10,000 is less than $10,000? Handle it yourself.

The best way to handle a tax debt below $10,000 is for the taxpayer him/herself to apply for an installment payment plan (form 9465 and automatically will be accepted by the IRS), allowing them to pay off their balance owed over 36 months with monthly payments plus penalties and interest.

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