Last year the Internal Revenue Service granted close to 6 million IRS payment plans, installment agreements and streamlined payment plans to taxpayers.

Call us today for free initial tax consultation and we will walk you through the process to get you an IRS payment plan, installment agreement or tell you how to make an affordable monthly streamlined payment with the Internal Revenue Service.

We can also talk you about the possible tax solution of settling your tax debt through the offer in compromise program, that is settling your tax debt for pennies on the dollar.

The most common way to back your IRS tax debt is through a Monthly Installment or Payment Plan,you are not alone.

The most widely used method for paying an old IRS debt is the monthly installment agreement.

If you owe $50,000 or less in total back taxes, you should be able to get an installment payment plan for 72 months.

If you owe more than $50,000,  should get professional tax help to make sure you are getting the best possible payment that IRS is allowed to give her the IRS will try to stronghold taxpayers because they don’t know the system and make them find payment agreements that are unreasonable. The agents job on the other end of the phone is to collect a very most amount of money possible.

. There is a system we have over 60 years of direct IRS work experience and can help you get a very affordable IRS payment plan or installment agreement

As part of its Fresh Start program,(not named after us ) the IRS  adopted new rules and formats making it easier to obtain a payment plan, installment agreement with the Internal Revenue Service.

The threshold for qualifying for an installment agreement

The threshold for qualifying for an installment agreement is the following:

Without having to provide financial information the is a 433F or a 433A, was increased from $25,000 to the current $50,000.

This amount and the timeline for paying was increased to 72 months from 60 months. This is great news for taxpayers.

One of the keys and a very important issue is that you must be current on the filing of all back tax returns.

Internal Revenue Service will conduct a full compliance check to make sure all your tax returns are filed before you will enter into a payment agreement.

If you have not filed back tax returns need to do so inform us when calling our office and we can prepare back tax returns with little or no records.

Due to our years of experience at the Internal Revenue Service we can prepare back tax returns for those who have no tax records under reconstructive methods that we learned and taught at the Internal Revenue Service.

Do not let the non filing of back tax returns keep you from getting your case close with the Internal Revenue Service

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Monthly Payment Plans of more than $50,000 in back total taxes.

If you owe more than $50,000 or have absolutely no way of paying this amount you owe in six years or less, your request for a monthly payment plan begins with an IRS agent working the case analyzing your current collection Information Statement on Form 433-A or on 433F.

You can find both of these financial statements on our website.

The IRS Agents working your case uses the information on the form to determine the amount you can pay.

IRS will use the National, Regional and Monthly Standards to determine the amount of your pay to the IRS. Here is where good representation comes in handy.

Here are some top tips for negotiating an installment plan:

• Make sure you can live with the Payment Plan,
• Do not say yes and know in your heart and check book this payment will fail down the road,
• Propose a payment plan you can live with,
• Do not say yes just to get IRS off your back or you are afraid or intimidated by them. You need to keep extra money around in case a emergency or medical issues that may arise,
• remember to try to make the minimum amount knowing if you have extra you can send overage to IRS on any given week or month,
• make sure all  payments are sent timely. I would urge all taxpayers to send them out 5 to 7 days early and by registered mail or certified mail or direct deposit.  t,
• make sure all your tax returns are filed timely and are filed timely and up-to-date, if you fail to file a tax return the Internal Revenue Service will always the default agreement and that means you have to walk through the process all over again.

If the IRS grants an installment plan, it may take several weeks to notify you in writing.

Different Ways to Make Monthly payments  or Installment Agreements

Until you receive written notice of approval from the IRS, send payments to your local service center using the payment slips and bar-coded envelopes provided.

Other options for making payments once your Installment agreements is approved:

1. You can use a direct payroll deduction.

Request a payroll deduction on Form 2159, Payroll Deduction Agreement.

Your employer must agree to send payments to the IRS each month using the IRS’s payment slips.

2. Use a direct debit.

Have your bank automatically debit your checking account each month and send a payment to the IRS.

As long as you keep the bank account opened, this is the most foolproof way to make sure you don’t miss a payment and risk having the agreement revoked.This is the way FST recommends.

Why does IRS reject Payment plan and Installment Plans

The most common ways are the following not an all-inclusive list.

Your living expenses are not all considered necessary.

• The IRS may determine your current living expenses are to high for their taste.
• IRS usually does not allow credit card payments, tithing to churches, private schools and college payments.
• IRS is has a very strict standard that you can find on our website under the forms page called the national standard test. The IRS keeps very strict standards on acceptable monthly expenses if they will allow.

Another reason for rejections could be the information you provided on your Collection Information Statement, Form 433-A, is incomplete or untruthful.

As a former IRS agent and teaching instructor the Internal Revenue Service agent trained to be sneaky and suspicious of things that do not make sense.

After working hundreds and thousands of cases the normal agent is aware of those trying to lie or hide things.

IRS can use your past tax returns, your W-2s, 1099s if they think you are hiding things.

IRS can actually pull a credit report to make sure you are telling the truth.

Do not default on a Payment Plan

If you default on a payment plan you better have a good reason for the IRS to reinstate a defaulted plan.

IRS is hard-pressed to give you another agreement after you defaulted on one.

You will find IRS taking a hard-line position if you have defaulted because you have not filed your current tax return or the possibility that you are not currently making withholding or estimate tax payments.

If the IRS Agent denies your Payment Plan or Installment Agreement

If the Internal Revenue Service does not allow your payment plan or installment agreement you always have the option of going to an IRS supervisor.

One thing  that is problematic for most taxpayers is that they do not understand the system IRS.

The IRS has a very systematic way that they set payment plans up.

It is set up to the IRS standards and not according to their standards and not the taxpayer standard.

The IRS Can Revoke an Installment Agreement

Once the IRS approves of your payment plan or installment agreement, you and the IRS are completely bound by the terms of the payment contact ,unless, yes unless the following occurs.

1.  You fail to file your tax returns or pay taxes that arose after the agreement was entered into by You and the IRS.

IRS computers will monitor you for filing future returns, your AGI specially,  and making promised payments.

2. You miss a payment.

Under the terms of all payments agreements , if all IRS payments not made in full and right on time this can cause the IRS Installment Agreement  to be revoked immediately.

In practice, the IRS usually waits 30 to 60 days before revocation.. You sometimes are entitled to a warning or a chance to reinstate the agreement.

3. The IRS discovers that you provided inaccurate or incomplete information as part of the negotiation.

4.  Internal Revenue Service is going to not keep your payment plan active for the life.

As a general rule every 2 to 3 years the Internal Revenue Service sends out a notice to review your financial statement and make a new determination on where you stand.

5. For some reason if your current financial statement stops your income drops or you have a huge rise in expenses may be because of medical conditions you can call IRS and request a new financial statement and payment agreement

Call us today we are a full service service tax firm that specializes in IRS tax resolution.

If you have a current IRS financial statement or arrangement and wish to talk to you about a tax debt settlement of your tax  for pennies on the dollar through the offer in compromise program,  call us today for free initial consultation.

 Get Affordable IRS Payment Plan, Installment Agreement, Make Affordable Streamline Monthly IRS Payments + Affordable+ Former IRS, We Know the System