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.
Once we have completed your IRS Installment Agreement negotiation, the IRS will typically accept your payment plan for at least three years before attempting to increase it. As long as you continue to make the monthly payments on schedule, the IRS will not pursue further collection action against you, like an IRS Bank Levy or IRS Wage Levy. The only other stipulation to this agreement is that you must file your subsequent IRS tax returns on time and pay all of the tax on those returns. If you don’t stay current on your tax returns and payments, then you will default on your agreement and the IRS will begin enforced collection activity again.
What Else Do You Get As A Result Of An IRS Installment Agreement?
- Negotiated favorable filing deadlines
- Prevention of the IRS from pursuing harsh collection tactics against you
- Affordable monthly payments
- The return of levied funds (if applicable)
How Do I Get Started?
Time is of the essence in these matters, so you will need to act quickly after receiving notice from the IRS regarding a tax debt. When you do, contact us as soon as possible so we can discuss your case and your options. We will provide you with a wealth of information whether you end up becoming a client or not.
We advise all of our clients looking for this service to download our IRS Levy Release Package to start the process.
Once you’ve completed the Client Information Sheets, fax/email us a copy so we can start the negotiations right away. We will discuss your financial situation with the IRS on your behalf and prove to them that you qualify for this option to pay off your tax debt.
Typically, we set up IRS Installment Agreements to begin payment 60 days from the date we make our agreement. We will call you with the good news about your installment agreement once it has been set up to provide you with the amount of your monthly payment and the date when your first payment is due. It will be your responsibility to make the monthly payments on time until the balance is paid in full.
If you elect to pursue an IRS Installment Agreement after we speak with you, then we guarantee to get your payment plan established. We are so confident of this fact that we back it up with a 100% Money Back Guarantee.
Our IRS Installment Agreement Fees
Our fee for negotiating an IRS Installment Agreement is $1,195.00 despite the amount of the time it takes for us to finalize the agreement with them. If you decide to move forward with the process, then we require that you make an initial payment of 50% of the total fee upfront by credit card or debit card. The remaining balance will be due upon the agreement being finalized. This method of payment is preferred since it gives you the ability to cancel the charge if we are unable to obtain an installment agreement.