What Happens If You Default on an IRS Installment Agreement?

Episode Summary:  In this episode, tax attorney Brian Loughrin discusses the implications of IRS installment agreements going into default. He explains common reasons for defaults, how the IRS responds, and the importance of staying compliant to avoid enforcement actions, offering valuable insights for taxpayers managing IRS debts. Key Timestamps: 00:00 – Introduction 0:47 – What Happens When an Installment Agreement Defaults 2:51 – Common Situations Leading to Payment Plan Defaults 4:41 – Misconceptions About Resuming Payment Plans 6:09 – Addressing Defaulted Agreements 7:36 – Impact of Default on IRS Collection Activities 10:40 – Misunderstandings Around Installment Agreement Rules 12:59 – Involving a Tax Attorney for Resolution About the Show:  *IRS Debt and Audit Podcast* features Brian Loughrin, a seasoned tax attorney helping individuals and business owners nationwide resolve complex IRS issues. With over 25 years of experience, Brian offers expert guidance on tax debt, audits, and installment agreements.