Working Out an IRS Installment Agreement

One way to obtain an IRS tax relief settlement is though an IRS Installment Agreement. Instant Tax Solutions (ITS) tax professionals are experienced in dealing with the IRS. Without the aid of a tax attorney, you may not reach a fair and affordable IRS Installment Agreement.

Installment Agreement

Requesting an IRS Installment Agreement

The IRS must be contacted and provided with all required financial information and accurately prepared request forms. ITS tax specialists are skilled in IRS negotiations and knowledgeable of current requirements. Facing the IRS alone can put you at a disadvantage causing you to miss your best opportunity.

The amount of tax debt determines the installment plan for which you may qualify:

Streamline Installment Agreement - If your tax debt is $25,000.00 or less including interest, penalties and fines, a tax debt settlement may be quickly reached with the IRS. Your tax attorney will submit an Installment Agreement Request for you.

Long-Term Installment Agreement - If you owe more than $25,000.00 in combined liability from taxes, interest, penalties and fines, you may still qualify for an IRS Installment Agreement. In addition to the Installment Agreement Request, your tax specialist will accurately complete and file a Collection Information Statement, Form 435.

Our team of tax professionals at ITS has current knowledge of the available repayment plans offered by the IRS. We can ensure accuracy and assist you in qualifying for an IRS Installment Agreement.

Getting Prepared

If you have recently filed your tax return and were unable to pay, it is crucial to contact a tax attorney now. Even though you may not have received a notice from the IRS yet, it is wise to take proactive steps to prevent aggressive IRS collection action. Contact ITS now to work with you on submitting an IRS Installment Agreement Request form in preparation for an IRS tax debt settlement.

It is the responsibility of the tax attorney to determine what information is required in your particular case. Be ready to provide:

  • Social Security number or Tax ID number
  • Income information
  • Bank accounts, savings, retirement funds
  • Outstanding debts
  • Past tax returns

This will aid ITS in determining the payment amount you will be required to pay.

Your Future with a Tax Professional

An IRS Installment Agreement is being offered by the IRS to provide a way to settle tax debts in a timely manner and recover from the financial nightmare. Having a tax professional on your side is instrumental in negotiating an affordable installment agreement.

We at Instant Tax Solutions have an excellent rapport with the IRS. The IRS is willing to work with our tax professionals in this type of tax debt settlement because they want an expedient recovery of the tax debt owed. Installment plans are designed to be cost effective allowing you to still provide for your family and have a quality of life in the process.