“Guaranteed Payment Plan” with IRS

September 15, 2010
Written by: steve

We can get a guaranteed payment with IRS today!!!   Call Fresh Start Tax 1-866-700-1040  The firm is made up for former IRS Agents, managers and supervisors.

A Guaranteed Installment Agreement  is set up  for taxpayers that owe the IRS less than $10,000, excluding any IRS Penalties and Interest, and who cannot pay the total amount they owe IRS at this time . This payment plan is  called a “Guaranteed Agreement by IRS.This applies as  so long as you meet certain IRS requirements and complete the request process. Rules for the agreement:

Guaranteed Installment Agreement Requirements

1. you owe less Than $10,000 in back taxes or tax debt.

2. the previous 5 years of tax returns were filed and paid on time as required by the IRS

3. you have no current agreement with the IRS at this time

4. you are not in bankruptcy (or filed for it)

5. you can and agree to make monthly payments on your current balance over 3 years or less

6. you  agree to pay and file all tax returns going forward for the duration of the agreement.

What to do!!!

1) Complete Form 9465 or use the Online Payment Agreement Application  at the IRS website or have your professional from Fresh Start Tax help you out. Make sure to read the details that the IRS provides as well.

2) Calculate your monthly payment by taking the total amount of IRS taxes you owe, including penalties and interest, and divide that number by 30. The remaining 6 months is typically set aside for Interest.

3) Include the $52 User fee  or the $105 for a check and $105 if you are deducting the Installment Agreement out of your payroll. This fee can be reduced to $43 dollars if you are under Dept of Health & Human Services poverty level. Realize your first payment is not due in 45 days but it normally should include this user fee.

4) Sign, date, and if you are not using the Online Payment Agreement Application, then make sure to make copies of the form 9465 you complete, and send original hard copies to the appropriate IRS address which is listed on the 2nd page of form 9465.

IRS has the right can still file a federal tax lien while you are paying an Installment Agreement until you make your last payment. However, IRS  will not take actions against you if you have recently submitted a request for an Installment Agreement.  The IRS will get back to you within a 30 day period if your agreement is accepted or not. If they have any questions or problems, they will contact you.

If you have any questions or unsure about the process, be sure to call Fresh Start Tax, the nations very best tax resolution company in the business.

Filed Under: IRS Tax Advice

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