Fresh Start Tax 1-866-700-1040 A Professional Tax Firm “A” Rated by the Better Business Bureau
Before agreeing on a payment plan with the IRS it is best to hire a tax professional. We will get you your very best deal. Caution about payment plans, without knowing about the IRS system you could be looking for trouble. For the best results call us for a free consultation.
1. 90 Day payment agreement
If you can make a payment in 90 days or less, simply call the IRS at 1-800-829-3903, speak to an IRS agent and they will give you an automatic payment plan. A caution, make sure you do not give them information they can use for a levy or lien. One reason you hire a professional firm is to stay away from giving out too much information.
2.Guaranteed Installment Agreement
If you owe the IRS over $10,000 this plan will be the most appropriate for you. To request this type of payment agreement, either use the IRS Online Payment Agreement Application or file form 9465.
With all types of payment plans or installment plans you need to make sure you filed all tax returns due. If you are not current in your tax filing all returns, the IRS will not accept any agreements.
This payment plan is different because under the tax procedure you are “guaranteed” an acceptance by the IRS.
3. Streamlined Installment Agreement
If you owe the IRS more than $10,000 but less than $25,000 (taking into account penalties and interest) you can apply for a “Streamlined” Installment Agreement by utilizing the Online Payment Agreement Application or by completing form 9465.
The reason this is typically coined “Streamlined,” is due to the fact that the IRS will not require financial disclosure or verification of your income, expenses and assets.
4.Regular Installment Agreement
If you owe tax for over $25,000 or more, or you cannot make the minimum monthly payment on a Streamlined Installment Agreement, it is suggested that you request a regular installment plan.
This Installment Agreement is more complicated and can lead to other issues because you need to provide a financial statement to the IRS which is called a Collection Information Statement (CIS). You need to disclose again your assets, income and liabilities.
Your monthly payment will be determined by what you have the ability to pay each month using the National Standards Tests. To see the National Standards test go to our website.
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
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- Nationally Recognized Veteran Former IRS Agent
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