Installment Agreement

We Will Help You Negotiate an Installment Agreement With The Internal Revenue Service.

It’s a fact of life that we all have to pay taxes.

Unfortunately, life is sometimes messy and even the best-crafted plans can go awry and leave you in a tax lurch, especially with a tax problem. The problem with late tax payments is that your debt is compounded and the resulting penalties and interest can add up to a staggering tax bill. The IRS also has enormous collection powers when it comes to getting its money. IRS officials can seize bank accounts, take paychecks and sell your assets.

If you owe the IRS, you have to take steps to deal with the agency. One of the ways you could do this is through an IRS Installment Agreement or Payment Plan.

If you are behind on your taxes, you may qualify for an IRS payment plan. Once the plan, or agreement, is arranged, you can make smaller, more manageable payments on your tax liability.

Call or email us to learn more about the solutions our tax attorneys can offer and how Martelle Law can assist you.

IRS Installment Agreement

There are different types of IRS installment agreements and payment plans available.

It is easier to meet the requirements for a small case payment plan rather than qualifying for any type of installment agreement where your tax liability is larger.

Ranging from simple to complex, here are your payment plan options:

  • If you owe less than $25,000, a typical payment plan would require full payment within five years. An installment agreement for less than $25,000 is relatively easy for a tax attorney to obtain. If your tax liability is more than $25,000, a normal payment plan would require full payment at the five year mark. You must qualify for this type of installment plan.
  • Full payment of taxes over a period longer than five years. This type of payment plan is more difficult to obtain, but might be the only way you are able to full pay the taxes.
  • Non Collectible Status, where you don’t make any payments for a certain time period.
  • Partial Pay Installment Agreement (PPIA), where you only pay a portion of the tax liability. This is the most difficult arrangement to make.

Taxpayers have to prove they are unable to pay the full amount of the taxes owed in order to be eligible for any installment agreement, except the full pay, under $25,000, 5 year plan. In addition, they must supply the IRS with financial statements and other information pertaining to their financial condition.

IRS employees that arrange for tax liability payment plans are very knowledgeable, and their goal is to get the largest possible monetary commitment out of you. Taxpayers should be aware that IRS employees are very smart, and negotiating with such employees takes skill and expertise.

The IRS wants to collect its money as soon as possible. The IRS isn’t concerned about whether you can make your house or car payment.

The government’s only concern is collecting their money now.

Many people who attempt to work out a payment plan are not aware of their rights. By working solo, they will more than likely pay more than if they had experienced tax attorney representation.

This is a negotiation. You need an experienced attorney in your corner!

You might qualify for a Non Collectible Status if you aren’t able to make the current payments and don’t have enough money left over to provide for basic life necessities. If you do qualify for Non Collectible Status, the IRS will suspend your payments for a length of time.

Our tax lawyers have created a program to help our clients at every step of this process so that our clients can receive a comfortable Installment Agreement or qualify for Non Collectible Status.

For a No Obligation consultation to have your IRS problems analyzed by a competent and experienced Tax Lawyer, contact us at:

1 877 TAX CREW (877 829-2739) or 208 938-8500

Or, fill out our online form and find out what we can do to assist you. We offer a No Obligation consultation to all clients, and special payment plans to those who need them.