The Internal Revenue Service released final rules (T.D. 9647) that increase user fees charged for processing installment agreements and offers in compromise.
Under the final regulations, released Nov. 29, the fee for entering into an installment agreement will increase from $105 to $120 and the fee for restructuring or reinstating an installment agreement will increase from $45 to $50. The fee for processing an offer in compromise will increase from $150 to $186, the IRS said.
The final rules apply to installment agreements entered into, restructured or reinstated and offers in compromise processed on or after Jan. 1, 2014.
