Breaking News - Increase in Fees for Offers in Compromise and Installment Agreements

 [4830-01-p]

DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Part 300
[REG-144990-12]
RIN 1545-BL37
 
User Fees for Processing Installment Agreements and Offers in Compromise
 
AGENCY: Internal Revenue Service (IRS), Treasury.
 
ACTION: Notice of proposed rulemaking and notice of public hearing.
 
SUMMARY: This document contains proposed amendments to the regulations that provide user fees for installment agreements and offers in compromise. The proposed amendments affect taxpayers who wish to pay their liabilities through installment agreements and offers in compromise. This document also provides a notice of public hearing on these proposed amendments to the regulations.
 
Proposed Amendments to the Regulations
 
Accordingly, 26 CFR part 300 is proposed to be amended as follows:
 
PART 300--USER FEES
Paragraph 1. The authority citation for part 300 continues to read as follows:
Authority: 31 U.S.C. 9701.
 
Par. 2. In § 300.1, paragraphs (b) introductory text and (d) are revised to read as follows:
 
§ 300.1 Installment agreement fee.
* * * * *
(b) Fee. The fee for entering into an installment agreement before January 1, 2014, is $105. The fee for entering into an installment agreement on or after January 1, 2014, is $120. A reduced fee applies in the following situations:
* * * * *
 (d) Effective/applicability date. This section is applicable beginning January 1, 2014.
 
Par. 3. In § 300.2, paragraphs (b) and (d) are revised to read as follows:
§ 300.2 Restructuring or reinstatement of installment agreement fee.
* * * * *
(b) Fee. The fee for restructuring or reinstating an installment agreement before January 1, 2014, is $45. The fee for restructuring or reinstating an installment agreement on or after January 1, 2014, is $50.
* * * * *
 (d) Effective/applicability date. This section is applicable beginning January 1, 2014.
 Par. 4. In § 300.3, paragraphs (b)(1) introductory text and (d) are revised to read as follows:
 
§ 300.3 Offer to compromise fee.
* * * * *
 (b) Fee. (1) The fee for processing an offer to compromise before January 1, 2014, is $150. The fee for processing an offer to compromise on or after January 1, 2014, is $186. No fee will be charged if an offer is-- * * * * *
 
(d) Effective/applicability date. This section is applicable beginning January 1, 2014.
 
Beth Tucker
Deputy Commissioner for Operations Support.
[FR Doc. 2013-21243 Filed 08/29/2013 at 8:45 am; Publication Date: 08/30/2013
 
View full text of the Notice here
Posted by Irina Bobrova at 08/29/2013 07:53:34 PM