Small Business Law with Steve Fireman: IRS and Small Business Installment Agreements
January 18, 2012 § Leave a comment
The IRS has streamlined its Small Business Installment Agreement process and has now made these agreements available to more businesses. The IRS has raised the dollar limit to allow more small businesses to participate. Now, businesses with $25,000.00 or less in unpaid tax liability may be eligible for the installment agreement program (historically, it was businesses with $10,000.00 or less). The small business participants have 24 months to repay the liability. For more information, visit www.irs.gov or contact me at firstname.lastname@example.org.