Make Payments to IRS, Payment Plans, Installment Agreements, Monthly Payment Programs, Christian Tax Firm = 1-866-700-1040

January 26, 2015
Written by: Jim Magary

 

Fresh Start Tax

 

 We are a Christian tax firm that specializes in IRS tax relief.<><

 

 We’ve been practicing since 1982 in our A+ rated by the Better Business Bureau.

Last year alone over 6 million taxpayers entered into IRS payment plans,  installment agreement or a monthly payment options to pay Internal Revenue Service.

 

Call our office today and we will review with you the various programs available to pay the Internal Revenue Service including the possibility of settling your tax debt through the offer in compromise program.

 

There are two types of IRS payment plans and IRS installment plans/agreements.

 

The dollar amount you owe the IRS will determine which option you take.

Before you enter into a IRS payment plan with the Internal Revenue Service you should ask a tax professional which is the best option.

To make sure you’re not overpaying, you should consider tax representation. It will probably save you money in the long run.

Besides consulting the tax professional, you should also find out if you are a qualified candidate for the offer in compromise or tax debt settlement program all at the same time.

If you call our office today we will review your IRS options for IRS payment plan or installment plan.

Call us today for a free initial tax consultation.

 

Having worked for the Internal Revenue Service for over 60 years will give us a unique edge on all our competition because we understand the programming, the system and the formatting for IRS payment installment agreements.

 Approximately 6 million taxpayers made IRS installment or payment plan agreements for this last year alone.

The agreement that you make with Internal Revenue Service will all depend on how much you owe in back taxes.

There are generally two types of IRS payment plans or installment agreements.

Types = Those for taxpayers  owing over $50,000 and those people throwing under $50,000 people for those taxpayers owing over $50,000

As soon as you know you are going to owe back taxes you should contact us so we can review all your tax options and let you know the details about setting up an IRS installment plan repayment plan.

 

Here’s a quick review on the different type of installment agreements and payment plans.

 Individual Installment Agreement

This payment plan applies to individuals who owe $50,000 or less in income tax, interest, and penalties.

Remember this is combined. IRS looks at your total pay off amount not your tax alone.

With an installment agreement, you can make regular monthly payments over time. Payments can be made through Direct Debit (from your bank account), check or money order, credit card, EFTPS , payroll deduction , or an Online Payment Agreement .

When you set up an installment agreement, make sure you will be able to make the monthly payments without defaulting. the reason it is very important to contact a tax professional is to make sure you can pay your back tax and not do so just because of fear of the Internal Revenue Service.

Many people cannot pay back tax he should find out about the IRS program called currently not collectible. If your income at  exceeds your expenses based on the national averages IRS has the option to put your case into current hardship are currently not collectible. We review each account to find out which is the best option for the taxpayer or the business.

One simple phone telephone call to us today, believe it or not can end your problem because of our 60 years of direct working knowledge of the Internal Revenue Service Installment Agreement for Individuals

 

Owe Over $50,000

Individuals who fall into this category must submit Form 9465 as well as Form 433-F (Collection Information Statement).

Form 433F is used by ASC  for obtaining your documented current financial information, in order to figure out how you can pay the overdue tax balance.

if your case is in the local office with a revenue officer they will insist on a verified form 433A.

You can find both 433 f and 433a on our website.

Both financial statement must include your last three months bank statements, a copy of your last paystub and a copy of all monthly expenses.

You want to make sure they’re absolutely no inconsistencies within them.

As a former IRS agent when you call our office will careful we review your financial statement for any inconsistencies. I urge cautions for all taxpayers giving IRS financial statements

 

3. Small Business Installment Agreement

Businesses that owe IRS back taxes of $25,000 or less in back taxes may request an “In-Business Trust Fund Express” installment agreement.

This type of payment plan usually doesn’t require a financial statement, although the business must currently have employees.

An IBTF-Express IA provides a 24-month period to fully pay the outstanding tax debt.

If the amount owed is greater than $10,000 (and below $25,000), the business must set up a Direct Debit installment agreement.

 

Costs for Installment or Payment Plans

Note that it costs $120 to set up a standard agreement or payroll deduction agreement, and $52 to set up a Direct Debit agreement.

If your income is below a certain level, the fee for setting up an installment agreement is $42.

To request this reduced fee, submit Form 13844 (Application for Reduced User Fee for Installment Agreements).

Call us today for a free initial tax consultation in hear the truth about dealing with IRS.

When speaking to us we will review with you the offer in compromise program to see if you’re eligible to settle your debt for pennies on the dollar.

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