If you owe the IRS more back taxes, penalties, and interest than you can afford, what can you do?

Each year, thousands of taxpayers just like you are battling with how they can resolve their tax problems–it is not unusual for people with tax problems to feel paralyzed by fear and anxiety. The good news is it doesn’t necessarily have to be this way. You can choose to be proactive about your IRS tax problems and take control of how you want to settle your tax debt.

In the past, we have blogged about various different ways taxpayers can resolve their tax problems. In this post, we have gathered our top IRS Payment Plan blog posts to give you a good idea about how you can find out if you qualify and how an IRS payment plan could save your financial welfare.

Before we begin, let’s briefly define what an IRS Installment Agreement is: The installment agreement is a payment plan between you and the IRS. The IRS has some flexibility regarding the payment amount as long as the debt will be paid off before the statute of limitations expire. If the amount due is relatively small ($15,000 or less) and you are offering large payments, it can be quite simple to get an installment agreement. The agreement comes with some strings attached, such as staying current on the filing and paying of future tax returns for as long as the agreement is in place. Penalties and interest will continue to be charged although the penalty rate is currently reduced during the installment agreement. The IRS charges a nominal fee to setup an installment agreement. For larger debts ($15,000 or more) and especially back taxes involving payroll tax issues, you will need professional tax representation to negotiate on their behalf with the IRS to arrange for the lowest possible monthly payment and also ensure you are given various options for making those payments.

You can learn more about IRS Installment Agreements here.

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Is the IRS Installment Agreement For Me?

How does an IRS Installment Agreement work? Is it right for you? What’s the difference between an Offer in Compromise and an Installment Agreement? Find out how you can determine which tax settlement is the best for your situation and how you can take advantage of this opportunity to work with the IRS to resolve your tax debt. Read more.

How to Settle Your Tax Debt by Negotiating a Payment Plan with the IRS

Learn about qualifying for an IRS Installment Agreement and saving money by negotiating the lowest possible monthly payments. Find out what you need to know if you can’t afford to pay your tax bill as well as what the IRS may not tell you about payment plans. Read more.

How to Not Get Rejected

Like many tax settlement applications, applying for an IRS Installment Agreement requires the taxpayer to pay a great deal of attention to detail. Find out why it’s crucial for you to make sure your numbers are crunched correctly before submitting your payment plan application to the IRS. Read more.

How Do You Know If You Qualify For an IRS Payment Plan?

There’s no point in wasting your time applying for an IRS payment plan if you don’t qualify for it. So how do you find out if you’re the right candidate for this tax settlement? Read more.

How You Can Be Broke and Still Stay Out of IRS Trouble

Taxpayers strapped for cash may feel stuck when they can’t pay their back taxes. This leads many taxpayers to evade their tax payments, which only adds on to their existing IRS tax debt. What some taxpayers may not know is that they can qualify for an IRS installment agreement and stay out of IRS trouble. Read more.

Real Tax Resolution Story: Payment Plan Resolves Man $38,000 of Tax Debt

Learn how real taxpayers like you are resolving their tax debt with successful payment plan tax settlements. You can be anxiety-free too! Don’t feel chained by your IRS tax problems, find out how you can resolve your tax debt. Read more.

Don’t be burdened by your IRS tax problems. You can get professional tax help to fight on your side to get you the best tax settlement you deserve.

At Tax Resolution Services, we take our clients’ tax problems off their dining room tables and into our professional tax help office. Our team consists of expert tax attorneys, CPAs, and Certified Tax Resolution Specialists who are here to help you. We invite you to call our office at 1-866-IRS-PROBLEMS for a free, no-risk tax resolution consultation or visit www.taxresolution.com.

More Tax Help, IRS News and Tax Relief Tips:

1. Tax Help For Offshore Account Holders as Swiss Government Seeks to Salvage UBS Agreement
2. Release Your IRS Bank Levy: How a Tax Attorney or Certified Tax Resolution Specialist Can Give You an Advantage
3. Tax Relief Options Available to Americans Who Fail to File Legally Required Tax Returns
4. It’s Not Too Late for Taxpayers with Unfiled Tax Returns to Resolve IRS Problems
5. IRS Tax Relief Options: What To Do If You Can’t Pay Your Taxes

Tags: Back Taxes, delinquent taxes, Installment Agreement, IRS help, IRS installment agreement, IRS payment plan, IRS penalties, Michael Rozbruch, tax attorney, tax evasion, tax help, tax resolution, tax settlement, Tax Tips, unfiled tax returns

This entry was posted on Monday, March 15th, 2010 at 8:40 am and is filed under Back Taxes, Expert Help From Tax Attorney, IRS Installment Agreements, IRS help, Penalty Abatement, Seeking Professional Tax Help, Tax Client of the Month, Tax Relief News, Tax news and tips, income tax relief, tax help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.