Sentences with phrase «owe in a single lump sum»

Typically, tax settlements result from a situation where the IRS has asked for more money than you could possibly afford to pay, especially since the IRS expects taxpayers to pay back all the money they owe in a single lump sum payment.

Not exact matches

Even people who only owe a few thousand (or sometimes even a few hundred) dollars are able to enroll in repayment plans that stretch their single lump - sum payment out over a longer period of time — typically something like 36 months, or 3 years, with the total amount owed being divided into much smaller monthly payments.

So, for example, if the spouses agree (or a court decides) that the supported spouse should receive $ 1000 a month in rehabilitative alimony for 24 months, the paying spouse owes $ 24,000; this can be paid monthly, or in a single lump - sum (paid all at once or in one or more installments).