If you don’t qualify for the IRS Offer in Compromise program, a payment plan may be the way to end your tax debt nightmares.
An installment agreement is a payment plan between a taxpayer and IRS to pay down debt in smaller amounts over time.
With this agreement, the IRS will not levy you as long as the payments are being paid on time (and for the full amount). If you do not have an agreement with the IRS, the IRS may:
- Take a financial portion of your paystub
- Levy bank accounts
- File tax liens on all your assets
It’s vital to be compliant with certain tax obligations before an installment agreement can be established. Also, penalties and interest will continue to accrue throughout the agreement.
Our tax resolution experts will assist you in meeting the necessary requirements to qualify for an installment agreement.
We take into consideration your monthly income and living expenses. We then negotiate on your behalf in front of the IRS a monthly payment amount that is fair and affordable for you.
Contact our New England tax resolution experts to see if an Installment Plan is right for you.
Call and speak with one of our New England tax experts today. We’ll immediately begin the process of getting your tax issues resolved so you can go back to living life with less worry.