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re: IRS "lost" my 9465. Suck it up and pay the penalty?
Posted on 5/29/14 at 9:06 am to Schwartz
Posted on 5/29/14 at 9:06 am to Schwartz
An installment plan prevents the IRS from taking more aggressive enforcement actions.
It does NOT stop the late payment penalty and interest. These continue to accrue until the balance is paid in full.
Those letters, when they calculate the total owed, calcuate out about 30 days of interest and penalty. That's why it says you have to pay within 30 days to avoid "more".
It does NOT stop the late payment penalty and interest. These continue to accrue until the balance is paid in full.
Those letters, when they calculate the total owed, calcuate out about 30 days of interest and penalty. That's why it says you have to pay within 30 days to avoid "more".
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