We’re a local South Florida firm and specialize in IRS tax relief.
If you wish to make payments to IRS or cannot afford to make payments the IRS call us a day for a free initial tax consultation and we will walk you through the different processes and available solutions to help relieve you of your IRS problem.
FAQ’s
Question: Can I make installment payments on the amount I owe?
Answer is: 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.
You will be charged a one time user fee of $105.00, for direct debit agreements, the fee will be $52.00.
Interest is charged on any tax not paid by its due date, and
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.
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. Options
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
You should receive a response within 30 days if you submit the form with your return. For more details on installment payments, refer to the references below. Or call the IRS toll-free at 800-829-1040.
Be very careful with the information you give to the IRS.
