Jacob Dayan, CEO and Co-Founder of Community Tax answers a taxpayer's question about their IRS Installment Agreement. The taxpayer's wife recently lost her job, so they're unable to make the next payment on their tax repayment plan, Jacob Dayan explains their options and how the IRS may allow them to adjust their agreement based on their new financial circumstances. Learn why taking action quickly is the best solution to avoid fresh collection actions from the IRS.

For more information about Installment Agreements, click here: [ Ссылка ]

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Here's the original question that Debt.com received that our tax expert Jacob Dayan is answering specifically:

My wife and I have been repaying our taxes through an IRS installment agreement, but she just lost her job. She’s looking for a new one but she isn’t finding anything with a comparable salary, so even if she does get a new job, we might not be able to afford the IA payments plus all our other bills. We barely managed to make the payment this month and I have no idea how we’ll make it next month. What will happen if we miss a payment and what can we do? We’re three years into paying this off and I’m worried the IRS will take my business if we don’t keep up with our agreement.
-John in Ohio

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