IRS installment agreements are monthly payment plans set up to pay back the taxpayer’s tax liability. The IRS has guidelines as to what amount they will accept and the time frame they will accept it in. Internal Revenue Code requires IRS to enter into installment agreements to accept payment of tax liability if:
This is a very complicated and difficult process and should be carried out by a tax attorney to ensure the taxpayer receives the best chance at reducing past debts.
At Guzhva Law Firm we are providing thoughtful solutions and measurable value to each individual situation. Because U.S. tax law and regulations are complicated and constantly changing, it is important that you obtain up to date information about the provisions that apply to you to prevent costly mistakes.
To schedule a free phone consultation with an IRS collections attorney, please contact us today. With offices in Bellevue, we work with tax clients throughout Seattle and Washington State, and elsewhere.