Grabbing milk money: IRS seizes tax refunds during installment agreement status

As part of the Technical and Miscellaneous Revenue Act of 1988, Congress passed Sec. 6159, which permits the IRS, through a district director, to enter into installment agreements for accepting scheduled payments of delinquent taxes, if an agreement will facilitate the collection of such liability....

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Veröffentlicht in:	The Tax Adviser 1998-10, Vol.29 (10), p.674
1. Verfasser:	Singer, Robert M
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Agreements Appeals Delinquency Estimated taxes Installment contracts Installment payments Internal Revenue Code Laws, regulations and rules Liability Management Reg. 301.6159-1 Revenue Acts Section 6159 State taxes Tax administration and procedure Tax collections Tax compromises Tax refunds Tax regulations Tax revenues
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Beschreibung
Zusammenfassung:	As part of the Technical and Miscellaneous Revenue Act of 1988, Congress passed Sec. 6159, which permits the IRS, through a district director, to enter into installment agreements for accepting scheduled payments of delinquent taxes, if an agreement will facilitate the collection of such liability. Because the statute fails to provide the requisite terms for an installment agreement terms for an installment agreement, the IRS issued regulations purporting to clarify Sec. 6159(a). Interestingly, Sec. 6159, which permits installment agreements, fails to indicate if Federal tax offset of a refund is allowed when an installment agreement is in place.
ISSN:	0039-9957