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I owed $22,581 taxes 2008. On a streamline Installment since Aug 2012. Debt $10,351.39. $10,012 Int & Pen 2008 tax left $381. Approved FTPA. After pay $381, next step?

Forum|Forum|7 years ago
June 6, 2019
3 replies
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Best answer by MichaelL1

If the OIC was denied and you have a Payment agreement, IRS will take any refunds until the debt is totally paid off.

Employee

I would order a detailed transcript for all years from 2008 to present and celebrate that this is over. <a rel="nofollow" target="_blank" href="https://www.irs.gov/individuals/get-transcript">https://www.irs.gov/individuals/get-transcript</a>

MichaelL1Answer

Employee

If the OIC was denied and you have a Payment agreement, IRS will take any refunds until the debt is totally paid off.

G

gqgarfiAuthor

Thank U!

G

gqgarfiAuthor

Thank U for your response. Yes I do have a detailed transcript for all payments made. I actually started paying on it in feb 2011. ( was seeking an OIC- got denied). I just bet the IRS is going to force me to pay off the remaining $10,012 in penalties & interest before they abate the penalty! Recommended