I hadnt filed my 2005 taxes on time. I just recently filled in 2007 after filing my 2006.
I now owe 5000 to the IRS but I included the Installment Agrrement form offering to pay them $150 per month to pay it off.
Ive been recently called by city subsidized homes to purchase but I am afraid I wont be approved for a mortgage by a bank because of what I owe.
Will a tax lien be put against me even though Im on an payment plan? Will a bank approve me knowing I owe taxes?