Owing the IRS does not always mean you must pay your entire tax balance immediately. An IRS installment agreement may allow you to make scheduled monthly payments over time.
My Tax Resolution Experts can review your income, expenses, assets, tax history, and total balance to determine which tax resolution options may fit your financial situation.
What Is an IRS Installment Agreement?
An installment agreement is a formal payment arrangement between a taxpayer and the IRS. The required monthly payment may depend on:
• The total tax balance • Current income and expenses • Available assets • Filing compliance • The amount of time remaining for IRS collection • Your ability to pay
Penalties and interest may continue to increase until the balance is fully paid. You must also remain current with future tax filings and payments to avoid defaulting on the agreement.
How We Can Help
My Tax Resolution Experts can assist with:
• Reviewing your IRS account balance • Identifying unfiled tax returns • Calculating a realistic proposed payment • Preparing required financial information • Communicating with the IRS • Negotiating a payment arrangement • Requesting the reinstatement of a defaulted plan • Comparing payment plans with other available options
The lowest monthly payment is not always the best long-term solution. We take the time to examine your full financial position before recommending a strategy.
Take Control of Your Tax Debt
Ignoring unpaid taxes may lead to additional collection notices, wage garnishment, bank levies, or tax liens. Taking action early may provide more time and more options.
