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Posts Tagged ‘irs debt settlement’

What is a “Formal Resolution” with the IRS?

There are two types of resolutions: informal and formal. In an informal agreement, the taxpayer works to send payments to the IRS to satisfy a debt. In a formal agreement, the taxpayer and the IRS enter into a written agreement where both agree that the taxpayer will pay a certain amount during a specific time period to pay the full balance. Resolution Requirements A formal ...

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