IRS Payment Plans These programs can save BIG!
Creating an affordable IRS payment plan is one of the most effective strategies to resolve tax debt!
Because of the recent economic downturn, we have found that many people are unable to pay even the minimum required towards their tax debt. When you have a tax debt that you cannot afford to pay, penalties and interest begin to add up quickly, and if left unpaid, forced collection action such as wage garnishments and bank levies will follow.
If you are an individual or business with a crushing tax burden, our firm can help you take advantage of an array of IRS payment options that could allow you to repay the debt in time and/or resolve the tax debt altogether.
There are 3 repayment options available:
- Full Pay Installment Agreement
- Partial Pay Installment Agreement
- Currently Non-Collectible (CNC)
Full Pay Installment Agreement
This IRS plan structures the entire tax debt to be repaid at the lowest possible monthly amount. Unlike representing yourself where knowledge of tax code and procedure is foreign, we understand the rules and procedures and can enforce them to create the most affordable payment plan that will not default and lead to aggressive collections. That means we work with the assigned IRS revenue agent to negotiate as many allowable expenses as possible, and work to reduce the penalties and associated interest to the lowest amount available. The result is a very fair, affordable installment agreement that allows you to repay the tax debt in time and get back on your feet.
Partial Pay Installment Agreement
Though programs such as the Offer in Compromise have received tremendous attention through the media and tax relief firms offering ‘pennies on the dollar’ settlements, often times one of the most dramatic solutions is a partial payment plan, where-in we structure a shortened IRS payment plan that expires long before the tax debt is paid in full. We work with the assigned revenue agent to prove that the taxpayer and/or business cannot possibly repay the tax debt within the active statute of limitations, as well as negotiating the lowest possible penalties and related interest.
Qualifying for a Partial Pay Installment Agreement takes work, and is something that not every taxpayer or business will be able to take advantage of. However, the results of a successful partial pay installment agreement can be substantial, saving the qualified taxpayer thousands of dollars on average.
Currently Non Collectible (CNC)
If you are experiencing tremendous financial hardship, one of the most dramatic tax relief options is Currently Non Collectible status, where all collection action is frozen against a taxpayer or business. That means the threat to collect back taxes is placed on indefinite hold until the client gets back in their feet, allowing them room and time to breathe.
CNC status is a reprieve against collections, but does not eliminate the tax debt. At some point the tax debt may need to be repaid if and when the taxpayer begins earning enough money, and penalties and interest will continue to accrue. However, getting on currently non collectible status can be a very good choice when a financial hardship warrants it.
For more information, download the following:
Getting Help with your IRS Payment Plan
The first step towards successful resolution is to acknowledge that your tax debt won’t go away on its own and to seek professional assistance. Our firm of tax relief attorneys and tax relief professionals has helped thousands of individuals and businesses just like you stop forced collections and finally resolve their tax debt.
Call 1-888-9-STOP-IRS today or Click Here!
Our tax relief professionals will take the time to discuss your issue free of charge, and help map out the best solution moving forward. Rest assured, all information is confidential, and nothing will be shared.
We understand that you have many options when it comes to choosing the right tax relief firm, and we welcome the opportunity to help you patiently through this process and bring closure to this important financial consideration.
Penny S. from Michigan
Total Savings: $7,447,452
Yes, she saved a lot of 0000's. But not everyone will float out of harm's way. If you owe the IRS back taxes, remember to accurately file your returns.... Read more
Ronald L. from Washington
Total Savings: 100% Off!
His tax bill was reduced from $169,000 to $0. How is that even possible!? We had to roll up our sleeves and get him compliant, and it had quite an effect...... Read more
Arthur D. from Virginia
Total Savings: $383,916
Did he really save $383,916? Yes, he really did. And then some. Arthur D. had ignored his tax obligations for over ten years when he contacted our firm, and had...... Read more
Steven G. from California
Total Savings: $2,200,000
StopIRSDebt.com compiled all the records of account, assembled all the bookkeeping, and filed the years to bring him compliant, which reduced the balance owed to $440,000. This initially saved the taxpayer $1,838,000.... Read more
Solon M. from Connecticut
Total Savings: $119,000
StopIRSDebt.com prepared a state Offer in Compromise which was accepted for $56,000 on the sales tax liability of $175,000. The balance was then structured for repayment over 60 months at $942.60 per month.... Read more
Ashraf I. from Texas
Total Savings: $444,845
He saved $444,845 after our audit representation! Sometimes, good things happen to good people in bad situations. Like Ashraf I. He was diligently running his company when the IRS audited...... Read more
Michael K. from Minnesota
Total Savings: $178,216
StopIRSDebt.com prepared an Offer in Compromise which was accepted for $5,000 on the $183,216 individual income tax liability... Read more
Sedalia W. from Oregon
Total Savings: $48,971
StopIRSDebt.com completed 1040X Amended U.S & OR tax returns. Reduced client’s balance to the IRS from $43,176 to $10,316... Read more
Vincent G. from California
Total Savings: $30,000
StopIRSDebt.com released Vincent's monthly wage garnishment and negotiated a partial pay installment agreement of $100 per month on a $40,000 tax liability. The taxpayer saved about $30,000... Read more
Ibrahim A. from Texas
Avoided FBAR PENALTIES
Ibrahim A. had several bank accounts overseas, and needed representation badly in order to avoid any criminal proceedings against him. Although the client came in too late for the 2008 Offshore Disclosure Program (OVDI), StopIRSDebt.com was able to qualify him...... Read more
David H. from California
Total Savings: 50% Off!
StopIRSDebt.com worked with the IRS Appeals division to lower the client’s $3,500 monthly payment plan down to $1,467 per month, thus reducing the client’s liability in half... Read more
John S. from Delaware
Total Savings: $537,480
He saved over $500,000! Like a tiger, tax debts are hungry predators. Not only do they grow quickly, but they sneak up fast and without warning, inflicting an incredible amount...... Read more