What You Should Know
An installment agreement is an agreement between the IRS and the taxpayer to pay down an existing debt in smaller, more manageable amounts, over time. Taxpayers must be in compliance with certain tax obligations (filing, federal tax deposits, withholding, etc.) before an installment agreement can be established. It is important to note that penalties and interest continue to accrue throughout the life of the agreement.
How We Can Help
We will assist you in meeting the criteria necessary to qualify for an installment agreement. We will advocate on your behalf and negotiate a monthly payment amount that is fair and affordable for you. Furthermore, we will explain how to prevent defaulting on an installment agreement and what actions to take to prevent IRS enforcement action in the event of a default.