Everyone,
I have a client who is paying on an installment agreement but she has no health insurance and needs to adjust her I/A for the proper tax withholdings.
This is a tax debt above $100k (in case that matters) and she is paying about $1200 a month. With health insurance (she is in her 50s), that should drop down by $800 a month at least but with her current payment and the need to keep up on her estimates she doesn’t have the excess cash flow to start payments on the health insurance. At her age I definitely think it is in everyone’s interest she get her payment reduced so she can get proper healthcare.
So the big question, how do you go about getting a modification? Do you simply call the IRS or do you need to submit a form? Any help greatly appreciated!
Sincerely,
Jim Wade