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Installment Agreement Plan (Payment Plan)

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A process where scheduled monthly payments are made to satisfy outstanding taxes. A financial statement must be completed to determine payment amount. However, when a taxpayer tries to negotiate their own payment plan it is usually much higher then what Tax Relief Providers can negotiate.

We here at Tax Relief Providers know what an allowable expense is and how to demonstrate it before the IRS. In addition, we know how to negotiate a more manageable monthly payment plan so that you will have the time to prepare to make your payments.

There is nothing quite as intimidating as owing the IRS back taxes. Unlike a debt collector, the IRS has a very long arm and the ability to apply significant pressure to those who owe tax liabilities. The very powerful collection methods available to the IRS can wreak havoc on your personal finances and ability to retain control over your money. For this reason, it is in the taxpayers best interest to resolve any back tax issues with the IRS before action is taken to collect monies owed.

There are several options available to filers who are unable to pay their tax liability in full. One such option is the IRS Installment Agreement (IA) which allows taxpayers the opportunity to pay off back taxes with regular installment payments to the IRS. If you are unable to pay your debt to the IRS in full, you may qualify for an IRS installment plan. Such installment plans allow taxpayers or businesses to pay a portion of the debt they owe each month. Installment plans allow the taxpayer to affordably move into compliance with the IRS.

In fact, installment agreements are very common type of tax relief and the IRS prefers that taxpayers establish a formal agreement to pay their taxes back, on a regular basis, as opposed to simply demanding you to pay back a debt immediately that you may not be able to afford. In fact, it is rather common for skilled tax professionals to suggest that their clients submit an installment agreement plan during tax time if they know their clients cannot repay the debt immediately to avoid starting serious problems with the IRS. We understand that paying off the entire amount owed to the IRS in one lump sum is impossible for many.

We here at Tax Relief Providers have the knowledge necessary to help settle your tax debt for a fraction of what you owe. Work with top professional CPA’s, EA’s, and certified tax specialists to negotiate such agreements with the IRS since they involve complex understandings of tax law and collection procedures. In addition, it is extremely critical to act immediately to avoid additional penalties and interest.

Call Tax Relief Providers today…we can get you back on track. 888-877-1090

Do you need Tax Relief?

Then call us today for a free consultation. 1-888-877-1090

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