IRS Payment Plan
Pay your tax debt over time with easy installments through the IRS Payment Plan.
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What is an IRS Payment Plan?
An IRS payment plan, also known as an IRS Installment Agreement, enables taxpayers to settle their tax debts through structured, manageable monthly payments.
A+ Rated Tax Debt Resolution Services From Our Tax Debt Attorneys
Our firm is A+ Rated with the Better Business Bureau (BBB), ensuring top-notch reliability and trustworthiness. Unlike other services, only an IRS payment plan lawyer will handle your case, bringing expertise and focused attention to your specific situation. We offer a free tax consultation, making it easy to begin the process of resolving your tax debt.
How Our Tax Law Firm Can Help
• Our experienced tax attorneys will thoroughly assess your tax situation to explore eligibility for various IRS Installment payment options. We aim to facilitate a manageable IRS repayment plan, leveraging reasons like unforeseen events or other challenges beyond your control, to negotiate favorable terms with the IRS.
• We specialize in handling and submitting IRS Installment Agreement Form 9465. With our five-star-rated service, we ensure every detail is perfectly in place, doubling your chances of acceptance.
• Whether you’re considering the Guaranteed Installment Agreement, the IRS streamlined installment agreement, or partial pay installment agreement, our tax debt lawyers are here to ensure a smooth process tailored to your needs.
Secure an IRS Payment Plan to prevent IRS levies and wage garnishments with our trusted tax attorneys.
How we help with IRS Payment Plans?
Take advantage of J. David Tax Law’s four decades of collective experience in the tax debt relief industry, offering top-notch support for your IRS payment plan application.
Call today for a free tax consultation and learn how our IRS Payment Plan can help manage your tax debt effectively, preventing IRS levies or wage garnishments, and potentially stopping the IRS from filing a Federal Tax Lien.
There are several types of agreements: the Guaranteed Installment Agreement for debts under $10,000, the Streamlined Installment Agreement (or Fresh Start Initiative) for debts under $50,000 payable over 72 months, the 84-Month Pilot Program for larger debts between $50,000 and $100,000, and the Partial Pay Installment Agreement for those who cannot fully pay their tax debts.
Tax Debt Resolution Options with Debt Settlement Attorneys
Additional options include the In-Business Trust Fund Express Installment Agreement, designed for businesses with unpaid employment taxes, and the Offer in Compromise payment plan, which allows taxpayers to settle for less than the full amount owed.
Applications for these plans can typically be made using IRS Form 9465, or through a detailed financial statement on Form 433-F for larger or more complex cases. This IRS repayment plan offers a feasible pathway for individuals who are not able to pay their full debt at once.
How a Reliable Tax Service Simplifies Tax Debt
Initial Free Tax Consultation
During this phase, we carefully assess your financial situation, including income, expenses, assets, and liabilities.
IRS Payment Plan Strategy
Our experienced tax attorneys will work closely with you to identify the most suitable IRS installment agreement option.
IRS Negotiation
Negotiations involve determining a feasible monthly payment plan that allows the taxpayer to settle the debt over several years while managing ongoing financial obligations.
Ongoing Compliance
Ongoing monitoring of your plan helps ensure that adjustments are made if your financial situation changes.
Initial Free Tax Consultation
During this phase, we carefully assess your financial situation, including income, expenses, assets, and liabilities.
IRS Payment Plan Strategy
Our experienced tax attorneys will work closely with you to identify the most suitable IRS installment agreement option.
IRS Negotiation
Negotiations involve determining a feasible monthly payment plan that allows the taxpayer to settle the debt over several years while managing ongoing financial obligations.
Ongoing Compliance
Ongoing monitoring of your plan helps ensure that adjustments are made if your financial situation changes.
We offer expert relief to help you stop garnishments and reclaim your financial stability.
Why Do You Need a Professional Debt Settlement Attorney?
“Our experienced tax debt lawyers ensure your application is complete, accurate, and suited to your financial reality.”
We not only handle the paperwork but also advocate for terms that make your payments more manageable. If your application is rejected, We guide you through the appeals process, improving your chances of approval. Additionally, We monitor your compliance with the plan and help mitigate penalties and interest, offering long-term relief and peace of mind.
Trying to pay off your debt in full, or maybe partially? Or do you need a significant reduction to ease the burden? Find out your best option in less than a minute.
Which IRS Payment Plan is Right for You?
IRS Short Term Payment Plan
IRS Long Term Payment Plan
IRS Streamlined Installment Agreement
Guaranteed Installment Agreement
In-Business Trust Fund Express Installment Agreement
IRS Offer in Compromise Payment Plan
Partial Payment Installment Agreement (PPIA)
Can you make payment arrangements with the IRS?
Yes, you can make payment arrangements with the IRS by applying for an installment agreement. This allows you to pay your tax debt over time through manageable monthly payments. Depending on your financial situation, you can apply for a Short-Term Payment Plan or a Long-Term Installment Agreement. At J David Tax Law, we provide free tax consultation to help you understand your options for resolving tax issues.
What is an installment payment agreement?
An installment payment agreement is a plan with the IRS that allows taxpayers to pay their tax debt in manageable monthly installments over time. These agreements help prevent aggressive collection actions like federal tax liens or tax levies while paying off taxes owed. Taxpayers can apply by submitting Form 9465. Our debt settlement attorneys can help you understand the best payment options for your financial situation, and will work directly with the IRS to negotiate terms that fit your needs.
Will the penalty and interest accumulate on a long term payment plan?
Yes, penalties and interest will continue to accumulate on a long-term IRS payment plan until the tax debt is fully paid off. While the installment agreement allows you to pay the debt over time, interest accrues on the unpaid balance at the federal short-term interest rate plus 3%, and penalties are typically charged for late payment. However, penalty abatement may be available in some cases, reducing the burden of penalties. Working with experienced tax attorneys can help you explore ways to minimize these additional costs.
Can form 9465 be filed electronically?
Yes, Form 9465 can be filed electronically. Taxpayers can submit Form 9465 through the IRS website using the Online Payment Agreement tool. If you prefer to file by mail, you can also download and submit the form in paper format. While form 9465 can be filed electronically but It requires detailed financial information and an understanding of IRS eligibility criteria to ensure approval. Errors or missing details could lead to delays, rejection, or even a less favorable payment plan. Let J David Tax Law handle the complex procedures, allowing you to focus on your financial recovery while we negotiate the best terms for your installment agreement.
Here is how to set up and IRS Payment Plan.
How much interest does the IRS charge for a payment plan?
The IRS charges interest on unpaid tax balances when you enter into a payment plan. The interest rate is based on the federal short-term interest rate plus 3%, and it compounds daily. This means the interest accrues on your remaining balance until the debt is fully paid off. In addition to interest, the IRS may also apply a late payment penalty, which is typically 0.5% of the unpaid tax per month, up to a maximum of 25% of the total unpaid balance. We can help you explore the best solutions for your tax debt, even if you’re already facing penalties. Here’s how
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