Installment agreements are a great way to pay your tax debt systematically. So why do some of us position ourselves for the world’s greatest collection agency, the Internal Revenue Service (IRS), to do just that? Once in their crosshairs, you will not shake them off.
Acknowledge, yes, I am indebted to you. Then come to an agreement to pay this debt over time. Accepting responsibility is the first step. Initiating a solution to pay off your debt is powerful.
There are several types of IRS installment agreements in Wilson, NC, yet this is where our tax resolution expert guidance comes in to select the best agreement that is right for you and your financial situation. Below are a few agreements to consider:
- Non-Disclosure Agreement – Many people recognize this agreement as the Fresh Start.
- Partial Pay Agreement – This agreement is ideal when you are not able to pay back the full amount of your tax debt. The IRS will allow you to pay back a partial amount based on your ability to pay and how much you pay.
- Tiered Installment Agreement – Your intentions are to pay your tax debt in full, but for the first 12 months or year, you will pay a lower monthly payment. The monthly payment will significantly increase beginning in the second year.
Contact us today for an affordable IRS installment agreement plan tailored to your needs by a trusted tax resolution expert.