Installment Agreement
Excerpt from the IRS:
"Installment agreements allow you to pay
your full debt in smaller, more manageable amounts. Installment
agreements generally require equal monthly payments. The amount
of your installment payments and the number you make will be based
on the amount you owe and your ability to pay that amount within
the time we can legally collect payment from you.
You should be aware, however, that an installment
agreement is more costly than paying all the taxes you owe now.
As with most revolving credit arrangements, we charge interest
and penalties on the unpaid portion of the debt.
Note: We can't take any collection actions affecting
your property while we consider your request for an installment
agreement, while your agreement is in effect, for 30 days after
we reject your request for an agreement, or for any period while
you appeal the rejection.
If you arrange for an installment agreement, you
can pay with:
Personal or business checks, money orders, or
certified funds (all made payable to the U.S. Treasury)
Payroll deductions your employer takes from your salary and regularly
sends to IRS
Electronic transfers from your bank account or other similar means.."
We specialize in negotiating installment agreements
that are in the best interest of the taxpayer as well as acceptable
by the IRS. Contact us for discussion.
1. IRS
Installment Agreement Abuses (PDF)
2.
Form 9465: Installment Agreement Request (PDF)
3. What
to do if you can't pay your tax
Phone: (888) 712-7690
Free Consultation
Fax: (703) 425-1567
E-Mail: info@irstaxattorney.com
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