Payment Plans

When a you don’t qualify for an Offer In Compromise for one reason or another – which is usually the case – the next best settlement option is an Installment Agreement.  The Installment Agreement, or Repayment Plan, is a negotiated agreement between you and the folks at the IRS whereby you agree to settle your debt by making predetermined, scheduled monthly payments until the debt is paid off.  The calculations the IRS uses to arrive at your payment amount is complicated and convoluted and will probably leave you scratching your head.  Utilizing the experience of the professionals at Confidential Tax Resolution is critical to protect your interest and negotiate the best payment possible.  Remember, the IRS is the largest collection agency in the world and they’re very good at what they do.  They want to make your payment as high as possible, to collect as much as possible, even if it means putting you and your family into financial hardship.

There are variables in IRS Installment Agreements which can make them distinctly different from your other payment plans.  For example, you make regular monthly payments on your credit card and you decide how much to send in to them every month.  Not the IRS.  After studying your financial situation and determining your disposable income, the IRS decides how much you’re going to send them every month.  Now, would you rather turn everything in your financial house over to the IRS – the largest collection agency in the world?  Or would you rather have the tax professionals at Confidential Tax Resolution prepare the numbers and the cogent argument that will give you the absolute best settlement possible?  It’s vital to have an experienced friend in your corner at such a time.  There are forms to be filed; numbers to be gathered and interpreted; statutes of expiration to be determined and rights to be protected.  One of the qualified professionals at Confidential Tax Resolution will gladly guide you through this process.  It’s what we do.  Call us.