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IRS Installment Agreement before filing 13

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    IRS Installment Agreement before filing 13

    I am starting an IRS installment plan for 2009 for which I owe a nice sum...couldn't hold off until I file in a month or so. When I file 13 will the IRS amount due be converted to be paid over the 60 months of bk plan and paid thru trustee or will I continue paying directly based on the IRS plan?

    #2
    TPPRAP, when we filed, our installment stopped and was then included in the plan. For the life of me I can't remember the process but your lawyer will fill you in.
    Filed CH13/5yr 7/29/10
    341 10/7/10
    Confirmed 11/7/10

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      #3
      It's exactly as you said, it's paid as a priority debt through the trustee over whatever length your chapter 13 plan turns out to be.
      Also, the IRS will have to split its claim into tax due vs penalties and interest. The latter become part of the unsecured pool.
      filed chapter 13..confirmed...converted to chapter 7...DISCHARGED!

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        #4
        The better part of that deal is the priority balance due to IRS no longer accrues interest.

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