"You don't want to fight this fight alone. You need experts. You need Tax Resolution Services, Co. If you owe $20,000 or more in back taxes, are under audit, or have unfiled returns, they can help." - Rush Limbaugh TAX RELIEF SERVICES:
Contact us today for a Free Consultation or get help from our Tax Relief Glossary! |
IRS Payment Plans and Installment AgreementsIf you can't pay your back taxes in full but could potentially pay them back over time, you can negotiate a reasonable monthly payment plan with the IRS. Once an IRS Payment Plan (also known as an Installment Agreement) is established, the IRS will not enforce collection action, including the levy of bank accounts or wages, as long as you remain current with all filing and payment obligations. The Benefits of Hiring Professional Tax Representation to Negotiate your IRS Payment Plan Whether the IRS is demanding full payment of back taxes up-front or a payment plan that is substantially higher than what you can afford to pay, we can help you negotiate an affordable IRS payment plan (also known as an IRS installment agreement) to pay off your IRS tax debt so you can finally retire your IRS problems for good. Working with our team of experienced tax attorneys, Certified Tax Resolution Specialists, and CPAs can greatly increase your chances of settling tax debt for less than what you owe, if you qualify. We may also be able to work with the IRS to get levies released a lot quicker. Additionally, we can save you money by negotiating the lowest possible monthly installments with various options for making those payments, including via the Electronic Federal Tax Payment System, direct debit, payroll deduction, credit card, and payment by check or money order. Since the government will not agree to an IRS installment agreement until all necessary tax returns are filed, we can also prepare and file any and all returns to bring you into compliance before arranging an IRS payment plan. To find out more about IRS installment agreements, check out our IRS payment plan FAQs. How to Negotiate an IRS Installment Agreement and Set Up a Payment Plan for Your Tax Debt * If you owe $10,000 or under, and all your returns are filed, and you have not been in trouble with the IRS before, generally, the IRS guarantees to place you in a payment plan as long as you can full pay the amortized balance in 36 months. The taxpayer can probably accomplish this themselves without representation. ** If you owe between $10,001 and $24,999, and all your returns are filed, the IRS will negotiate what they consider a "streamline" payment plan. They will negotiate this requiring the minimum amount of financial disclosure by the taxpayer by having the taxpayer complete a 433-F (small case Collection Information Statement) *** If you owe between $25,000 and $100,000, and all your returns are filed, you are considered in the "Big Leagues" and you WILL require representation. The IRS will demand full financial disclosure via completing a Collection Information Statement called a 433-A. They will most likely ask for supporting documentation like bank statements, pay stubs and cancelled checks to validate or prove your income and expenses. **** If you owe over $100,000, your case will be forwarded to the "large Dollar Unit". This is a nationally centralized special unit of the IRS that only deals with payment plans involving liabilities over $100,000. This is the IRS's most intrusive Collection division. They are brutal here. If you wish to go it alone, without expert representation, you WILL get creamed. For example, before they will even entertain negotiating a payment plan, they will require you to exhaust all efforts to liquidate your assets including your home. We deal with this unit every day of the week. We know how to navigate the maze, protocols, laws, etc. so you don't have to lose your home or other assets, but you MUST take the first step and CALL NOW 1-866-IRS-PROBLEMS. What if I Do Not Qualify for an IRS Payment Plan? If you cannot afford to make monthly payments or do not qualify for an IRS installment agreement, we can help you qualify for another type of tax relief, such as an offer in compromise, abatement of penalties due to reasonable cause, analyzing the statute of limitation to assess and collect, or negotiating that your account be placed in a "currently not collectible" status so that you will not be required to make payments and the IRS will not pursue collection action. For more information on installment agreements, please call us for a free, confidential consultation. If you are searching for a highly qualified representative to negotiate on your behalf with the IRS or a state tax agency, we offer our services with the highest levels of quality and professionalism. Through our team of expert tax attorneys, enrolled agents, and CPA's, we will negotiate to setup the lowest possible payment plan or defer collections based on a financial hardship. Whether you owe millions of dollars or only several thousand, we can help you reach a resolution on your back taxes and obtain a fresh start towards financial freedom. Get a free Tax Consultation and IRS Help from one of our experienced tax consultants or call 866-IRS-Problems regarding any of these IRS Payment Plan Questions below: Read our articles on IRS payment plans: Why More Americans Need Help Resolving Tax Audits and Negotiating Payment Plans How to Get IRS Help and Income Tax Relief Tax Problem FAQ: What is an IRS Installment Agreement? What is the difference between Offer in Compromise and Installment Agreement? If I am not eligible for the Offer in Compromise program, can I enroll an Installment Agreement?
Why hire a Attorney or Certified Tax Resolution Specialist? While taxpayers may always represent themselves before the IRS to resolve back taxes and IRS problems, many taxpayers find dealing with the IRS frustrating, time-consuming, intimidating or all of the above and so they make the decision to hire professional tax help (specialized attorney, tax resolution firm, etc.) to negotiate a tax relief settlement with the IRS on their behalf.
*Estimates based on prior results; individual results will vary based on circumstances, including your ability to provide Tax Resolution Services, Co., with information that is accurate and timely. Resolution/settlement percentages exclude our fees. We do not guarantee that your tax liability will be lowered by a specific amount or percentage or that your tax liability will be paid off within a specific period of time. We do not assume any tax liability, make monthly payments to the IRS/State on your behalf or provide tax planning, bankruptcy, accounting or legal advice. Read and understand all service offerings prior to retaining TRS, including potential adverse impact on credit rating. Tax Resolution Services, Co. will offer possible solutions to a prospective client following the information gathered during the initial consultation. While solutions will be offered to client, there is no guarantee of results implied or otherwise. |
TRS is the only national tax resolution firm comprised of experienced tax attorneys, CPAs, and tax relief professionals practicing as Tax Resolution Specialists certified by the American Society of Tax Problem Solvers (ASTPS). This is what makes us uniquely qualified to successfully solve IRS problems day in and day out. Our licensed professionals (every tax attorney, CPA and enrolled agent) must meet educational, experience and examination requirements prescribed by the ASTPS, a national, not-for-profit professional organization. The ASTPS certification applies only to tax relief professionals who are a CPA, tax attorney, or enrolled agent in good standing with the respective state that licenses/regulates him/her. If you owe back taxes or are plagued by other IRS tax problems, we encourage you to get professional tax help from our team of attorneys, CPAs or tax relief professionals because you need Certified Tax Resolution Specialists in your corner when battling the IRS. |