Tax Matters - The Top Tax Defenders Blog

Taxpayers who owe back taxes to the IRS can take advantage of an installment plan to repay their balance due. Installment plans allow individuals to set their own payment amount and payment date so that they can afford to repay their debts. To sign up for an IRS payment plan, taxpayers must complete Form 9465 "Installment Agreement Request" and submit it to the IRS. But what if you default on an IRS installment agreement? What can happen to you because of defaultng? What will the IRS do next?