Does submitting a request for an installment agreement legally ‘fix’ the taxpayer’s liability owed or can the liability later be argued?
The tax liability can be “argued” or more appropriately collected upon as long as the statute of limitations on collection (10 years for the IRS) is still open. If the amount of the installment payment is less than necessary to full-pay the liability over the collection statute (known as claiming "hardship"), the IRS will most [...]