Reply To: Financial Analysis

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#42875
Eric Green
Keymaster

It is, more or less. With an installment agreement or CNC the IRS does NOT expect a person to tap the equity in their vehicle (that is necessary to get around), but they will want a taxpayer to try and tap the equity in their home (beyond the 20% margin for quicksale value) and the retirement accounts. So yes, but vehicles tend to be exempt.