Tuesday 21 Nov 2017
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Streamline Tax Resolution, LLC

Navigating Your IRS Issue Just Got Easier

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IRS & State Payment Plans

 

 

 

 

An installment agreement can be negotiated with the IRS or State tax Agency to make repaying a tax debt more

manageableIf you can't pay your back taxes in full, but could potentially pay them back over time, Streamline Tax Resolution can help negotiate a reasonable monthly payment plan with the IRS. Once an IRS Payment Plan is established, the IRS will not enforce collection action, including the levying of bank accounts or wages, as long as you remain current with all filing and payment obligations.

 

 

Without question, a negotiated payment plan in the form of an Installment Agreement is much more favorable than a Wage Garnishment, Bank Levy, or Asset Seizure. If you cannot afford to pay your back taxes immediately, and you do not qualify for either an Offer in Compromise or the Currently Not Collectible status, an Installment Agreement can be the best way to resolve your tax debt.

 

Since the government will not agree to an installment agreement until all your past and present tax returns are filed, we can help to bring you into compliance before arranging your payment plan. Although penalties and interest will continue to be charged during the course of an Installment Agreement, they could be greatly reduced and worked into the bigger picture once your un-filed tax returns have been filed, and the agreement set into place. Once we setup an Installment Agreement for you with the IRS, you will know how to plan your finances in the future under such a program.

 

Whether the IRS is demanding full payment of back taxes up-front or a payment plan that is substantially higher than what you can afford to pay, Streamline Tax Resolution Services can help you negotiate an affordable IRS payment plan 

Below, are 2 possible payment solutions:

 

Full Pay Installment Agreement

The IRS will attempt to structure a plan so that the entire tax debt will be repaid at the highest possible monthly amount. Unlike representing yourself where knowledge of tax code and procedure is foreign, we understand the rules and procedures and can enforce them to create the most affordable payment plan that will not default, nor lead to aggressive collections. That means we work with the assigned IRS revenue agent to negotiate as many allowable expenses as possible, and work to reduce the penalties and associated interest to the lowest amount available. The result is a very fair, affordable installment agreement that allows you to repay the tax debt over time and get you back on your feet.

Partial Pay Installment Agreement

Though programs such as the Offer in Compromise have received tremendous attention through the media and tax relief firms offering ‘pennies on the dollar’ settlements, often times one of the most dramatic solutions is a partial payment plan, where-in we structure a shortened IRS payment plan which expires long before the tax debt is paid in full. We work with the assigned revenue agent to prove that the taxpayer and/or business cannot possibly repay the tax debt within the active statute of limitations, as well as negotiate the lowest possible penalties and related interest.

Qualifying for a Partial Pay Installment Agreement takes work, and is something that not every taxpayer or business will be able to take advantage of. However, the results of a successful partial pay installment agreement can be substantial, saving the qualified taxpayer thousands of dollars on average.

Call Streamline Tax Resolution Today 1-888-545-5789!

 


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