14 Installment Agreements Sec. Overview When taxpayers provide inaccurate information or do not meet the terms of their agreements, the agreements may be terminated. In most cases, taxpayers may appeal proposed terminations. This chapter provides procedures for default and termination of agreements for both IDRS and manually monitored agreements. See Section 1.5 of this handbook regarding levy restrictions 2.
Collection is only in jeopardy if one of the conditions allowing a jeopardy assessment exists.
See also 1.3.9 in Notices of Levy IRM 5.11. The notice or letter is sent by certified mail, or registered mail if the taxpayer has an overseas address. For IDRS monitored agreements, the 523 is mailed when the account status changes to 64. For an additional 30 days after the date of the termination of the agreement. If there is no response from the taxpayer, the account status will change from status 64 to either status 22 or 26.