Please be cautious.
The terms of the installment agreement include "a requirement that the taxpayer timely file all tax returns and timely pay all taxes for 5 years from the date of acceptance of the OIC. When the IRS terminates an OIC, the agreement is no longer in effect and the IRS may then collect the amounts originally owed (less payments made), plus interest and penalties." Offers in Compromise - Offer Terms section
If you can find a way to pay your current taxes, I would suggest that.
Also, I recommend that you give your employer a new W-4 to have additional tax taken out of this year's wages.
@rajuncajun94
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