Need to make payments to the IRS on back taxes or need a payment agreement check out the information on the 5 rule so you will not be bullied by the IRS.
We are former IRS Agents who know all the tax policies and tax programs to get you through the IRS system for back taxes.
When taxpayers are calling the IRS to make payments or asking for a installment agreement to the IRS, they are looking for some help because they can not afford to pay their tax debt at the current time. When taxpayers make this call they should be prepared to be man handled and bullied by the IRS. IRS will basically tell you, it is our way or the highway. You can now tell them, not so fast, we want the 5 year rule application.
IRS does not want to set up a payment plan, installment agreement or a payment arrangement that best fits the needs of the taxpayer.
This is when the IRS gets very selfish and wants everything their way.
Do not be bullied by the IRS. Know the Law.
IRS will require what is called the National Standard Test on all your income and expenses. IRS puts everyone in a box and expects taxpayers to met the lifestyle the IRS wants.
The bottom line, this is always unreasonable. You do not have to put up with the hard line position taken by the IRS. You can fight back by asking for a 5 year rule application to make your payment agreement or to make payments in general.
Five Year Rule: All expenses may be allowed if:
Taxpayer establishes that he or she can stay current with all paying and filing requirements.
Tax liability, including projected accruals, can be paid within five years.
Expense amounts are reasonable
Agreements will be based on a taxpayer’s maximum ability to pay, i.e., how quickly a taxpayer can fully pay the tax liability. Do not automatically allow agreements based on the five-year maximum if expenses are unreasonable.
Reminder:
The Five Year Rule is not applicable to corporations, partnerships, LLCs where the LLC is identified as the liable taxpayer, or any BMF expenses.
Need to make payments to the IRS, need a payment plan or installment agreement, call us today.
