IRS TAX RELIEF
IRS Installment Agreement
What if . . .
. . . You received a notice from the IRS that you owed them money and . . .
. . . You could not afford to pay the bill
. . . Yet you have enough assets and made too much money to qualify for the Offer in Compromise. . .
…HOWEVER, the IRS is now asking you to pay the entire amount owed!
If you are unable to pay all the taxes you owe when you file, but do not qualify for an Offer in Compromise, the IRS offers a way to pay your taxes through regular monthly payments – called an IRS installment agreement. The IRS wants your tax payment made in-full and on-time, so an IRS installment agreement is not automatically setup. However, if you are eligible, an installment agreement may be the solution that helps you catch up.
The IRS Restructuring Act of 1998 requires the Secretary to grant an IRS installment agreement, at your request, if:
- You cannot afford to pay your tax bill in a short term;
- Within the previous five years, you have not failed to file or pay your taxes and have not entered into an installment agreement;
- If requested by the Secretary (typically when greater than $25,000 owed), you (or your representative) submits financial statements,
- The Secretary determines that you are unable to pay the tax due in full;
- You can fully pay the liability with equal monthly payments within 3 years;
- You agree not to miss any payments over the term of the payment plan;
- You pay a fee for applying for the request;
- All documentation is properly submitted; and
- You comply with the tax laws and the terms of the agreement for the period (up to 3 years) that the agreement is in place.
How can FSI Tax Corp help you with an IRS Installment Agreement?
If these requirements seem daunting, do not worry - FSI Tax Corp is here to help. Our trained professionals will guide you through the maze of IRS codes and regulations and do what it takes to cut through the red tape. If you qualify for an IRS installment agreement that satisfy your tax liability over a three to five year period.
Click here to have one of our highly trained tax professionals contact you and discuss your specific tax situation. He or she will explain our services and answer your questions. Contact FSI Tax Corp today!
- What is an Offer in Compromise?
- How can we help with your OIC?
- IRS will settle your account
- Do I qualify for an OIC?
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- IRS Fees
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- What is an Installment Agreement?
- What happens if I ignore tax problems?
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- FSI Tax Corp vs. a CPA
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FSI Tax Corp
An IRS installment agreement is an agreement with the IRS that allows you to set up a payment schedule for any tax monies owed.
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