The Internal Revenue Service has announced that there will be an increase to the user fees for establishing installment agreements. Currently, the user fees to establish an installment agreement are as follows:
However, under the new fee schedule that is to take effect on January 1st, 2017, the new installment agreement user fees are as follows:
One thing to note is that the IRS did not increase the user fee for individuals who are considered to be a low income taxpayer. The user fee for low income taxpayers will remain at $43.
The user fees are almost always deducted from the first month's payment.
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