How to Make Payments to the IRS – Installment/Payment Plans – Former IRS Agents 1-866-700-1040
If you want to know how to make payments to the Internal Revenue Service contact us today and we can go over all your tax options to make this IRS situation go away immediately and permanently.
If you owe the Internal Revenue Service and need an IRS payment plan or installment agreement the Internal Revenue Service has finally launched new IRS policies within the new fresh start program for back taxes.
They have finally made it easier for taxpayers to resolve their IRS cases by making equal monthly payments.
By calling us for free initial tax consultation we can explain to you how to make payments to the Internal Revenue Service and also explained to you that you may be eligible for an IRS tax settlement called the offer in compromise.
Our staff is comprised of tax attorneys, tax lawyers, certified public accountants, and former IRS agents and managers.
Our former IRS agents worked in positions such as revenue agents, revenue officers, IRS audit managers and IRS appellate agents. While at the Internal Revenue Service we taught tax law.
We have over 206 years of professional IRS tax experience and over 60 years of working directly for the Internal Revenue Service in the local, district, and regional tax offices of the Internal Revenue Service.
We are true IRS tax experts and how to make payments/installment to the IRS, how to put your case into an economic tax hardship if you qualify and also settling your IRS tax bill if you are a true candidate through the offer in compromise.
New IRS policy for back taxes
You can finally make monthly payments through an installment agreement (Payment Plan – Installment Plans) if you’re not financially able to pay your tax debt immediately.
However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full.
You may want to talk to us on how to eliminate or reduce sure IRS penalties and interest if reasonable cause exists. You can look at our website and look for abatement of penalties and interest and see if you qualify for the removal of IRS penalties and interest.
Do you have a Business – In-Business Payment/Installment Agreements
Small businesses who currently have employees can qualify for an In-Business Trust Fund Express Installment Agreement.
These installment/payment agreements generally do not require a financial statement or financial verification as part of the application process. Remember that each case is unique in IRS has different options on how they wish to work your case.
You owe $25,000 or less
If you owe $25,000 or less at the time the agreement is established.
If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.
The IRS tax debt must be full paid within 24-months or prior to the Collection Statute Expiration Date, whichever is earlier.
You must enroll in a Direct Debit installment agreement (Payment Plans )
You must enroll in a Direct Debit installment agreement (DDIA) if the amount you owe is between $10,000 and $25,000 you must be compliant with all filing and payment requirements.
For Individuals – Streamlined Installment/Payment Agreements
The Fresh Start provisions also mean that more taxpayers will have the ability to use streamlined installment agreements to catch up on back taxes.
Under the Fresh Start initiative, the maximum dollar criteria for streamlined installment agreements has been raised from $25,000 to $50,000 and the maximum term has been raised from 60 months to 72 months.
These installment agreements generally do not require a financial statement, but a limited amount of financial information may be required in the application process.
The Streamlined Installment Agreement criteria is divided into two categories, balance due of $25,000 or less, and balance due $25,001 to $50,000.
The criteria to qualify for streamlined installment agreements with a balance due of $25,00 or less are:
You owe $25,000 or less, at the time the agreement is established.
If you owe more than $25,000, you may pay down the liability before entering into the agreement in order to qualify.
a. The debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.
b. You must be compliant with all filing and payment requirements.
c. Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).
Defunct businesses, including any type of entity and any type tax (Form 940, 941, 943, etc.).
d.Operating businesses are limited to income tax liabilities only (Form 1120).
The criteria to qualify for streamlined installment agreements with a balance due of $25,001 to $50,000 are:
You owe $25,001 to $50,000, at the time the agreement is established.
If you owe more than $50,000, you may pay down the liability before entering into the agreement in order to qualify.
The IRS federal tax debt must be full paid within 72-months or prior to the Collection Statute Expiration Date, whichever is earlier.
You also must be compliant with all filing and payment requirements.
Individuals who owe any type of tax (Form 1040, Trust Fund Recovery Penalty, etc.).
Businesses are limited to defunct sole proprietors who owe any type of tax (Form 940, 941, 943, etc.).
You must enroll in a Direct Debit Installment Agreement.
A limited amount of financial information may be required during the application process.
Taxpayers seeking installment agreements exceeding $50,000 will still need to supply the IRS with a Collection Information Statement (Form 433-A (PDF) or Form 433-F (PDF).
How to Make Payments to the IRS – Installment/Payment Plans – Former IRS Agents
