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Does The IRS Have Payment Plans?

Does the IRS have payment plans is a very common question, Normally because the Tax Payer can’t full pay right now.

A skilled tax representative or tax attorney can negotiate you one of several payment arrangements.

  • Short Term Deferred payment – This is a payment arrangement that can get you a window of 60 or less.  If you anticipate collecting a receivable and then making your payment, this might be an option for you.
  • Streamlined payment arrangement – This is a plan where your liability is less than 50k and can be paid within 72 months.
  • Complex payment arrangement – This is a plan where the liability exceeds 50k and or it will take longer than 72 months to full pay.
  • Partial Payment Installment agreement.  You can’t pay the full balance owed, but you can pay something.

So as an example. A tax payer is behind on their payroll taxes.  The tax payer was in the process of collecting on his accounts receivable. Ironically, the A/R was owed by the US government.

A simple case. A tax payer owed more than 50k, paid down the balance to less than 50k, and we negotiated a streamlined installment agreements.

We have worked with a tax payer who owed over 100K, We corrected his forms and filed payroll tax forms that were accurate. The additional accuracy saved the client $60,000.

Partial Payment Installment agreement (PPIA) is for a client that owes a substantial balance and does not meet the criteria for an Offer In Compromise (OIC).

The IRS has many payment programs you can leverage. So if you feel this will help you, simply call the number at the top of our blog and we will be able to professionally advise you on your case.

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