If you don't qualify for an IA through the OPA, you can also apply for an IA by filing Form 9465, Request for Installment Agreement, with the IRS. When you request an IA using the form, you will generally receive a response from the IRS within 30 days notifying you if the IA request has been approved or rejected. If you request a payment plan (installment agreement), it can take up to 90 days for your request to be processed. Generally, you may have 3 to 5 years to pay off the balance.
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To be eligible for hardship retirement, you must have an immediate and significant financial need that cannot be met by any other reasonably available asset. This includes other liquid investments, savings, and other distributions that qualify for your 401 (k) plan.
To prove your tax difficulties to the IRS, you'll need to submit your financial information to the federal government. The IRS usually issues refunds within specific time frames.
In general, the Internal Revenue Service (IRS) has 10 years to collect unpaid tax debts. After that, the debt is erased from your books and canceled by the IRS.