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Mark and Stephanie owe $32,000 in California income taxes, penalties, and interest. They have not...

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Accounting

Mark and Stephanie owe $32,000 in California income taxes, penalties, and interest. They have not filed their tax returns for the past two years and currently have an outstanding federal tax lien. Based on the information provided, are Mark and Stephanie eligible for a California installment agreement?
Yes, because they can demonstrate financial hardship and a willingness to make payments
No, because the amount they owe exceeds the $25,000 limit for installment agreements
Maybe, depending on the specific details of their financial situation
No, because they have not filed their required tax returns and have an outstanding federal tax lien

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