Question

In: Accounting

One of the prerequisites for obtaining a collection alternative from the IRS is: Filing compliance. Payment...

One of the prerequisites for obtaining a collection alternative from the IRS is:

Filing compliance.

Payment compliance.

An unpaid balance for no more than three years.

Both 1 and 2.

Expert Solution

Payment compliance.

One of the essentials for getting an assortment elective from the IRS is: Filing consistence Payment consistent An unpaid parity for close to three years. Both 1 and 2

Installment consistence

Assortment Alternatives are :-

Extension of Time to Pay - Installment Agreement ,

Offer in Compromise ,

Currently not Collectible

Installment consistence is commanded with charge card organizations to help guarantee the security of Visa exchanges in the installments business. Installment card industry consistence alludes to the specialized and operational measures that organizations follow to make sure about and secure Visa information gave via cardholders and transmitted through card preparing exchanges.

Its six significant necessities incorporate the accompanying:

Building and support of a safe system and framework
Cardholder information insurance
Progressing defenselessness the executives
Access control
Continuous checking and testing of used systems
Arrangement documentation

From the above choices, One of the prerequisites for obtaining a collection alternative from the IRS is:

Payment compliance

ekkarill92 answered 2 years ago

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