Reply To: Estimated payments earmarked for current year but owe for back years.

Home Forums Member Forum Estimated payments earmarked for current year but owe for back years. Reply To: Estimated payments earmarked for current year but owe for back years.

#14004
Charles Zagara
Participant

This is essential if you are going to have the client in current compliance so that you can set up an installment agreement or OIC for past years. If the IRS kept taking estimated payments and applied them to past due taxes the taxpayer could never get into current compliance.