The IRS has announced that beginning January 1, 2014 the fees for the installment agreement and Offer in Compromise will increase.
The basic fee for the installment agreement will increase from $105 to $120. Taxpayers who need to have their agreement reinstated will pay $50 which is up from $45. The fee for low income taxpayers will stay at $43.
The fee for the Offer in Compromise will increase from $150 to $186.