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When you cant pay it, they will set up a payment plan over years (maybe a decade) to pay it off.
by HWR_14 1y ago
When you cant pay it, they will set up a payment plan over years (maybe a decade) to pay it off.
- DontchaKnowit 1y agoYeah until they cancel the payment plan without notice and demand full payment or they start seizing assets. Happened to my parents recently
- HWR_14 1y agoIt's a legally binding payment plan. Your parents must have defaulted on the plan, not filed taxes or otherwise broken a rule. Because once a plan is set up, the IRS is forbidden from seizing assets unless something rare like the previous happens.