If you do not qualify for an Offer in Compromise, the Installment Agreement may be your next best option. Under an installment agreement the taxpayer proposes a payment plan which the IRS will evaluate and then render a decision to accept or reject. An installment agreement should be based on your ability to pay. Agreements that are not submitted on this basis are likely to be rejected. We will evaluate your assets, liabilities, income and submit a payment plan that you can afford.
There are five different types of payments plans, or installment agreements:
1. Guaranteed Installment Agreement
2. Streamlined Installment Agreement
3. In Business Trust Fund Express Installment Agreement
4. Partial Payment Installment Agreement
5. Non-Streamlined Installment Agreement
Our Tax Attorneys can help you by evaluating your particular financial situation and the type and amount of tax you owe to determine what type of payment plan will best suit your needs and unique situation.
We will assist you in gathering, assembling, and presenting information to the IRS, and will handle all communication with the IRS. We know what to present to and communicate to the IRS in order to protect your interests and present your financial situation to the IRS in a manner that maximizes the opportunity for its approval. With our help, you may be able to finally get a hold of your tax debt through an installment agreement.