Payment Plan

The majority of delinquent taxpayers cannot just write to the IRS and request that their tax bill go away. Since, some taxpayers might not qualify for an Offer or Tax Bankruptcy relief, we often negotiate a long term Payment Plan with state and federal tax agencies.

A Payment Plan (Installment Agreement) with the IRS allows taxpayers that cannot afford to full pay their back tax liability the option to pay their Back Taxes through monthly payments. There are guidelines regarding how the IRS determines the payment amount and time frame for the agreement. Additionally, a taxpayer must be compliant with all Past Tax Filings before establishing the agreement. Depending on the circumstances and the amount of time that the IRS has left to collect the tax debt, the Installment Agreement may pay All or Part of the back tax liability!

Once an Installment Agreement has been established the IRS:

  • Suspends their collection efforts
  • Refrains from issuing wage garnishments,
  • Refrains from bank levies
  • Suspends the sending of notices and making harassing phone calls!

However, penalties and interest continue to accrue on the unpaid portion of back tax liability throughout the duration of an Installment Agreement. Additionally, depending on the circumstances, the IRS may file a Notice of Federal Tax Lien to protect their interest until the liability is paid in full. There are certain conditions that must be kept after the Installment Agreement is established such as being compliant with future tax filings and payments.

For those that cannot afford to full pay their back taxes immediately and do not qualify for an Offer, a Payment Plan may be the best alternative.

In negotiating long-term installment agreements, our main objective is to insure that the tax agencies do not impose unreasonable repayment demands, thus leaving the taxpayer unable to meet their monthly obligations.

Click here to Submit a Payment Plan!

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