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What happens if I apply for amnesty and enter into an installment payment agreement, but do not meet the terms of the agreement?

April 26, 2017Agreement Amnesty enter happens installment meet payment terms

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What happens if I apply for amnesty and enter into an installment payment agreement, but do not meet the terms of the agreement?

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You will only receive a waiver of penalties for those eligible reporting periods for which all tax and interest amounts were paid in full. You will not, however, incur additional penalties (See question #68) for failure to participate in the tax amnesty program.