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Installment Agreement

Our client owns and operates a grocery store in Belle Grove, Maryland. We were successful in placing both the business and personal account balances into Installment Agreements with the Revenue Officer. Since our client is operating as a sole proprietorship, he owes approximately $216,000 on his 1040 Individual Income Tax return and $698,000 on the business. The personal Installment Agreement was formalized for $1,400 per month and the business for $4,200.