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Form 668(Z) online Green Bay Wisconsin: What You Should Know

S. Individual Income Tax Return. Income Tax and the Federal Tax  The Internal Revenue Code of 1986 16 USC 1951 to 1954 Title 26, Chapter 13. Internal Revenue Code (Title 26, Chapter 13): Internal Revenue Code Section 16011 — (c)(1)(A)-(I) — (c)(1)(G) “If a creditor claims the full amount payable in an installment contract or a repayment schedule under this chapter for the year, it is entitled to a judgment in the amount of the entire amount so paid.” “The payment of such judgment under this paragraph and the receipt by the taxpayer of the amount thereof shall be deemed to satisfy such installment or repayment schedule.” Title 26, Chap. 13 (Title 26, Chap. 13): (c)(2)-(4) — (D) “The provisions of paragraph (2) and of paragraph (4) shall not apply for any creditor claiming a liability in the amount of an installment contract or repayment schedule under this chapter.” (c)(5) “The amount of any such payment may be recovered in an action against any person or persons who owe such payment to the United States for amounts timely recovered” (c)(6) “Any amount paid for property described in subparagraph (3) shall be in addition to any other rights the creditor has. If a judgment against the creditor for the full amount is entered, such total amount may be recovered in an action against the creditor for the full amount.” (b) The creditor is entitled to recover, in an action for the recovery of the full balance, any deficiency between the amount paid and the amount due, as provided in sections 16011, 16012, 16013, or 16014(a)(4) by a judgment against the debtor. (e) The determination of whether a creditor is entitled under subparagraph (D)(e) to recover the full amount owed by a debtor under an installment contract or repayment schedule is within the discretion of the court.” “In an action to enforce the recovery of the full amount by or against any person under an installment contract or repayment schedule under this chapter, and subject to paragraph (4), the judgment shall direct that the balance of the payment of such installment or repayment schedule be collected to satisfy a judgment of the court that the person is liable for the full amount, as is hereunder specified.

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