Owe IRS…. make payments

August 7, 2010
Written by: steve

Owe IRS……make payments!    Call Fresh Start Tax 1-866-700-1040   Former IRS AGENTS

If you need to make payments to the IRS, Call the tax team of Fresh Start Tax. 1-866-700-1040. There are three different types of installment agreements available that can be made with the Internal Revenue Service. Here are some answers to common questions we receive.
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.
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You will be charged a one time user fee of $105.00. For direct debit agreements, the fee will be $52.00.
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Interest is charged on any tax not paid by its due date, and
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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. Penalty will be charged until it reaches 25% of the original balance due and interest will be charged until the account is fully paid.
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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
If you need help with any of these issues, feel free to call your tax team at Fresh Start Tax 1-866-700-1040. We can get you a payment plan today.

Filed Under: IRS Tax Advice

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