Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Ive been making payments for years, so why my IRS bill keeps getting larger?

April 26, 2017IRS larger PAYMENTS

0

Posted

Ive been making payments for years, so why my IRS bill keeps getting larger?

1 Answer

0

Posted

The IRS penalties and interests are approximately 20% a year. If youre on an installment plan, chances are that youre only paying for penalties and interests, or less. Installment plan is a quick fix to relieve immediate pressures from the IRS. It doesnt dissolve it. Top 2.