IRS Installment Agreement
For any taxpayer that has made such arrangements in the past, this isn’t anything new. If you are a taxpayer facing this kind of a scenario for the first time, the entire situation can seem overwhelming. The important thing to remember is that an IRS Installment Agreement can be a valuable tool to help you resolve an outstanding federal tax debt. How does it work? Simple. Let’s say you owe the IRS $10,000 but cannot afford to pay back the full amount in one payment. Within reason, the IRS will allow for you to negotiate a monthly payment that will cover any interest accrued for that period of time as well as pay something towards the balance of the actual tax owed. We have negotiated these agreements to be as low as $25 per month for taxpayers who have large tax debts.