Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Rated by the Better Business Bureau
The IRS is definitely in the business of taking payment agreements if it cannot collect the money any other way. The policy of making monthly installment payments is dictated by a fine tuned chart of allowable month living expenses. You can find this on our website. I would caution anyone trying to do this on their own. A true tax professional is worth the money and the savings. This is a good investment. You can check with us about getting the lowest possible month payment.
There are certain techniques and strategies to use to ensure you pay what you want and not what the IRS wants. Call us today.
Let me answer some common questions
Question: Can I make installment payments on the amount I owe?
Answer: Yes. If you cannot pay the full amount due as shown on your return, you can ask to make monthly installment payments. If your request to pay in installments is granted, the following conditions apply:
You will be charged a one time user fee of $105.00. If you agree to a direct debit though, the fee will be $52.00.
Interest is charged on any tax not paid by its due date, and
You will be charged a late payment penalty unless you can show reasonable cause for not paying the tax by the due date (April 15, 2010.) For individual income tax returns Penalties will be charged until it reaches 25% of the original balance due and interest will be charged until the account is fully paid.
Before requesting an installment agreement, you should consider less costly alternatives such as a bank loan.
To request an installment agreement send Form 9465 (PDF), Installment Agreement Request, with your return. To request a payroll deduction installment agreement, use Form 2159, Payroll Deduction Agreement.
To request a direct debit Installment Agreement, use Form 433-D, Installment Agreement.
1. Advantages of a direct debit installment agreement to the taxpayer include:
* Reduced user fee
* No check to be mailed
* Postage savings
* No check processing charges
* No problem remembering to make the monthly payment
Our Company Resume:
- Our staff has over 135 years of professional tax representation experience collectively
- On staff, Board Certified Tax Attorney’s, Certified Public Accountants, Enrolled Agents,
- Former IRS Managers, Instructors and Trainers
- Highest Rating by the Better Business Bureau “A”
- Extremely ethical and moral
- Fast, affordable, and economical
- Licensed to practice in all 50 States
- Premium on client communication
- Nationally Recognized Veteran Former IRS Agent
- Nationally Recognized Published Tax Expert
