IRS Installment Agreement
MINIMIZE STRESS - ACHIEVE BEST RESULTS WITHout The High FEES
IRS Installment Agreement provide taxpayers with an option to pay their tax liabilities over time in manageable monthly payments, easing the burden of a lump-sum payment. This arrangement is offered by the IRS and allows individuals or businesses to fulfill their tax obligations while maintaining financial stability. To establish an Installment Agreement, taxpayers must demonstrate their inability to pay the entire debt at once and submit a formal proposal detailing the proposed payment schedule.
The IRS evaluates factors such as income, expenses, and assets to determine the feasibility of the plan. Once approved, taxpayers commit to making timely payments until the debt is satisfied. CPA CLINICS specializes in tax laws and offers valuable assistance in negotiating and setting up IRS Installment Agreements. Our expertise efficiently guides taxpayers through the application process, ensuring accurate documentation and optimal terms. Utilizing the services of CPA CLINICS can facilitate smoother communication with the IRS and enhance the chances of securing a feasible and favorable IRS Installment Agreement.
Key features of the IRS Installment Agreement include:
- Payment Plan: Under an IRS Installment Agreement, the taxpayer agrees to make regular monthly payments towards their outstanding tax debt. The payment amount is determined based on the taxpayer’s financial situation, including income, expenses, and other financial obligations.
- Eligibility: To be eligible for an IRS Installment Agreement, taxpayers typically need to meet certain criteria, such as having filed all required tax returns and owing a specific amount of tax debt. The IRS may also consider the taxpayer’s compliance history and ability to pay.
- Application Process: Taxpayers interested in setting up an Installment Agreement must submit a formal application to the tax authority. This application includes details about the taxpayer’s financial situation and a proposed payment plan.
- Interest and Penalties: While on an Installment Agreement, interest and penalties on the outstanding tax debt continue to accrue. The total amount paid over time may exceed the original tax debt due to these additional charges.
Tax Resolution Services
We will work with you to discuss the various ways to resolve the tax issue and arrive at a favorable outcome
No Hidden Charges
CPA CLINICS provides you with transparent pricing and is amongst the lowest priced service
Team Of CPAs and CAs
An experienced team of CPAs and CAs are here to save your money!
Our Experienced Team Can Help You
General Process
General outline of the process includes:
1. Eligibility determination - owe $50,000 or less and no unfiled taxes.
2. Realistic sustainable monthly payment amount calculation.
3. Selection from Guaranteed Installment Agreement (owe $10,000 or less and meet certain criteria), Streamlined Installment Agreement (owe between $10,001 and $50,000 - does not require a financial statement or detailed financial information), and Regular Installment Agreement (owe more than $50,000 or cannot meet the criteria for a guaranteed or streamlined agreement).
4. Completion and submission of Form 9465, Installment Agreement Request, or the online payment agreement application (owe $50,000 or less and applies for a guaranteed or streamlined agreement).
5. Provide financial information (if required).
6. Payment method selection, which includes direct debit, check, money order, credit card, or electronic funds transfer.
7. IRS communication and follow up.
8. Appeal or agreement.
9. Fulfill obligations and monitor the account.
Save Money - Reduce Stress
Our team provides professional support, expertise, and peace of mind. We are amongst the lowest priced, fee range between $1,000 - $2,000.
WHY CHOOSE US?
CPA CLINICS offers Tax Resolution Services at unbeatable prices!
Collaboration
Our expert will have a detailed meeting with you to understand your requirements.
Income Tax Manager
CPA CLINICS will assign a dedicated Income Tax Manager for you.
Timely Filing And Resolution
Time is of the essence, and we will work towards a timely and favorable resolution.
DO NOT FACE THE IRS ALONE
LET OUR EXPERTS SUPPORT YOU!
Qualified To Take Care Of You
We Are Certified & Accredited
key Achievements
We take pride in the professionalism of our partners and staff. Our team’s certifications, experience, and positive reviews assure our clients that we can meet our commitment to quality and service and that our professionals serve our clients in a way that is competent, objective and with due professional care.
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