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IRS Payment Plan
Pay your tax debt over time with easy installments through the IRS Payment Plan.
Check Your Eligibility For an IRS Payment Plan Today!
Find Out If You Qualify for Tax Relief in 4 Easy Steps!
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.
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.
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. 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.
Here is everything you need to know about how to set up an IRS payment plan.
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?
Securing the right IRS installment agreement can be complicated, especially when you’re unsure which plan fits your financial situation. At J David Tax Law, our debt settlement attorneys help you navigate this complex process by evaluating your specific circumstances to determine which payment plan—whether short-term, long-term, or partial payment—is best for you. Many applications are rejected due to errors or because the proposed terms don’t align with IRS guidelines.
“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?
When deciding which IRS payment plan is right for you, it’s important to know that many plans provide manageable monthly payments without reducing the total debt owed. Some options, like the Partial Payment Installment Agreement, offer partial debt relief over time, while others, such as the Offer in Compromise, can significantly reduce the amount you owe based on your financial situation. Understanding the benefits and limitations of each plan can help you make the best decision for your circumstances.
IRS Short Term Payment Plan
The IRS Short-Term Payment Plan, also known as a Short-Term Installment Agreement, is designed for taxpayers, both individuals and businesses, who need a quick solution to pay off their tax debt in full. This plan allows you to repay your balance over a period of 180 days, without the need for major financial disclosures. While there is no reduction in the total tax debt, the flexibility of manageable monthly payments provides relief for taxpayers seeking short-term resolution. If you’re looking for a straightforward option to settle your debt without a long-term commitment, this plan might be the right fit for you.
IRS Long Term Payment Plan
The IRS Long Term Payment Plan, also known as the IRS Installment Agreement, allows taxpayers to pay off their tax debt over an extended period, typically in monthly payments. This option is ideal for those who owe more than $50,000 or need more than 180 days to settle their debt. With a long-term payment plan, you will still accrue penalties and interest, but the burden of paying off your debt is spread over time, making it more manageable. You can apply for this plan online, using Form 9465, or through the IRS payment plan calculator to estimate your monthly payments. If you’re looking for a way to resolve your tax debt without an upfront lump sum, the IRS long-term payment plan might be the best solution.
IRS Streamlined Installment Agreement
The IRS Streamlined Installment Agreement is a simplified payment plan option that allows taxpayers to pay off their debt in manageable monthly payments without the need for detailed financial disclosures. This agreement is particularly beneficial for those who owe less than $50,000 in combined tax, penalties, and interest. With the Streamlined Installment Agreement, you can make payments over a period of up to 72 months, providing flexibility while ensuring that the IRS will not take immediate collection actions as long as you comply with the terms of the agreement. However, it’s important to note that there is no reduction in the total amount owed. You are still required to pay off the full debt, and IRS penalties and interest will continue to accrue during the repayment period.
Guaranteed Installment Agreement
The Guaranteed Installment Agreement is an IRS payment plan designed for taxpayers who owe relatively smaller amounts of tax debt. This plan guarantees approval for individuals who meet specific criteria, making it a straightforward option for those looking to pay off their debt over time without the risk of IRS rejection. The main condition is that the taxpayer must owe $10,000 or less in tax debt, excluding interest and penalties. This Guaranteed Installment Agreement is primarily for individuals, not businesses.
In-Business Trust Fund Express Installment Agreement
The In-Business Trust Fund Express Installment Agreement is designed for small businesses that owe payroll taxes, specifically trust fund taxes (such as withheld income, Social Security, and Medicare taxes). This agreement allows businesses to pay off their tax debt over a manageable period without the need for extensive financial disclosures. For businesses to qualify for this IRS payment plan, the total tax debt must be $25,000 or less. If the amount owed exceeds $25,000, businesses can pay down the balance to meet the threshold and still qualify for the agreement.
IRS Offer in Compromise Payment Plan
The Offer in Compromise (OIC) is an IRS program that allows eligible taxpayers to settle their tax debt for less than the full amount owed. This plan is designed for individuals and businesses facing financial hardship, where paying the full tax liability would create a significant financial burden. The IRS considers factors such as income, expenses, asset equity, and overall ability to pay when evaluating an Offer in Compromise. An Offer in Compromise is typically approved when the IRS determines that the taxpayer is unable to pay the full amount through a lump sum or installment agreement.
Partial Payment Installment Agreement (PPIA)
The Partial Payment Installment Agreement (PPIA) is a payment plan option offered by the IRS that allows taxpayers to pay off a portion of their tax debt over time, based on their financial capacity. Unlike traditional installment agreements, the PPIA does not require full payment of the tax debt. Instead, taxpayers make monthly payments toward their debt, but after the collection period expires, any remaining unpaid balance is forgiven. To qualify for a Partial Payment Installment Agreement, taxpayers must demonstrate financial hardship by submitting a detailed financial disclosure using Form 433-A (for individuals) or Form 433-B (for businesses).
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.
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.
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.
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.
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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We provide tax solutions for our clients who have IRS and state tax debts, unfiled returns, audits, etc. We advise you on future compliance that enables your individual or business tax problems to be behind you for good.
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