The second type of agreement is for unpaid taxes not exceeding $50,000. “The previous eligibility criteria applies here as well, except the balance must be paid within 72 months and taxpayers must also agree to remit payment via direct debt from a bank account or payroll deduction,” Smith said. “The third agreement is for unpaid tax liabilities exceeding $50,000. ... The IRS will work closely with the taxpayer to determine whether this third type of agreement will be approved."

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