Sec. 504. Modification of user fee requirements for installment agreements
203 words·~1 min read·
/bill/114/s/3471/pcs/section-504A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 6159 of the Internal Revenue Code of 1986 is amended by redesignating subsection
(f)as subsection
(g)and by inserting after subsection
(e)the following new subsection: The amount of any fee imposed on an installment agreement under this section may not exceed the amount of such fee as in effect on the date of the enactment of this subsection. In the case of any taxpayer with an adjusted gross income, as determined for the most recent year for which such information is available, which does not exceed 250 percent of the applicable poverty level (as determined by the Secretary)— if the taxpayer has agreed to make payments under the installment agreement by electronic payment through a debit instrument, no fee shall be imposed on an installment agreement under this section, and if the taxpayer is unable to make payments under the installment agreement by electronic payment through a debit instrument, the Secretary shall, upon completion of the installment agreement, pay the taxpayer an amount equal to any such fees imposed. . The amendments made by this section shall apply to agreements entered into on or after the date which is 60 days after the date of the enactment of this Act.