IRS Charges More For Installment Agreements
The IRS has announced that effective Jan. 1, 2007, the following fees will increase:
The fee for new direct debit installment agreements, where payments are deducted directly from a taxpayer’s bank account, will increase from $43 to $52.
The fee for other new installment agreements will increase from $43 to $105.
The fee to restructure an existing or reinstate a defaulted installment agreement will increase from $24 to $45.