Installment Agreements
Simplify Your Tax Debt with an IRS Installment Agreement
Facing tax debt can be overwhelming, but it doesn’t have to be. At Dayes Law Firm, we have experience in helping individuals and businesses manage their tax liabilities through IRS installment agreements. Our tax attorneys are here to guide you through the process, ensuring you find the most favorable terms and achieve financial stability.
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Why Choose Us?
Expert Tax Attorneys: Our team is composed of seasoned tax professionals with extensive experience negotiating with the IRS. We understand the intricacies of tax law and are dedicated to securing the best possible outcomes for our clients.
Personalized Solutions: Every tax situation is unique. We take the time to understand your specific circumstances and tailor our approach to meet your needs. Our goal is to develop a payment plan that works for you, providing relief from the burden of tax debt.
Comprehensive Guidance: Navigating the IRS system can be complex and daunting. From gathering necessary documentation to negotiating terms, we handle every aspect of the installment agreement process, ensuring you are well-informed and confident every step of the way.
Proven Results: We have a strong track record of successfully securing favorable installment agreements for our clients. Our commitment to excellence and client satisfaction drives us to deliver results that make a real difference.
What is an IRS Installment Agreement?
An IRS installment agreement is a payment plan that allows taxpayers to repay their tax debt over time in manageable monthly installments. This option can prevent further IRS enforcement actions, such as wage garnishments or bank levies, and help you regain financial stability.
Our IRS Installment Agreement Services
Assessment and Consultation: We begin with a thorough assessment of your financial situation and tax liabilities to determine the best course of action.
Documentation Preparation: We assist in gathering and preparing all necessary documentation to support your request for an installment agreement.
Negotiation with the IRS: Our attorneys will negotiate directly with the IRS on your behalf, striving to secure the most favorable terms for your payment plan.
Compliance and Monitoring: We help ensure you remain compliant with the terms of your agreement and monitor your progress, providing ongoing support and advice.
How Dayes Law Firm Can Help with Tax Resolution
Tax attorneys are highly trained professionals with specialized knowledge of tax laws and regulations, and our team of tax professionals is top-notch. We can provide valuable assistance in resolving various tax problems, and our team is especially adept at dealing with more complex and detailed tax resolution and compliance matters. We specialize in back tax resolution and compliance matters, as well as income tax.
Our tax attorneys can represent clients during IRS audits, help negotiate settlements, appeal tax court decisions, help taxpayers obtain the release of liens and levies, work with clients on tax planning and compliance to avoid future tax issues, offer in compromise, and so much more.
Dayes Law Firm prides itself on delivering customized, inventive, and affordable tax resolution solutions. We are particularly committed to a client-centric service model to offer you the most effective service for your specific circumstances and have a wealth of knowledge when it comes to resolving many tax concerns thanks to our years of experience in this area of law and tax compliance. We’ve seen it all, and we can provide expert guidance, counsel, and representation to help.
Our firm is nationally recognized in tax law for our commitment to our clients and exceptional customer service in providing tax attorney services. We can offer outstanding tax resolution recommendations for your personal tax situation, and we provide free tax relief consultations to individuals and businesses nationwide.
Please call us today to learn more. Dayes Law Firm offers a free, no-obligation consultation to discuss your particular income tax, and we are more than happy to discuss how we may be able to help you during this initial evolution. Contact our lawyers team today to get started!
Questions? Dayes Law Firm Has The Answers
1.What is an IRS installment agreement?
An IRS installment agreement is a payment plan that allows taxpayers to pay off their tax debt over time in fixed monthly installments, rather than in a single lump sum.
2.Who is eligible for an IRS installment agreement?
Most taxpayers who owe $50,000 or less in combined tax, penalties, and interest can qualify for a streamlined installment agreement. However, taxpayers with higher balances may still be eligible, but additional documentation and approval may be required.
3.How do I apply for an IRS installment agreement?
Taxpayers can apply for an IRS installment agreement by completing and submitting Form 9465, Installment Agreement Request, either electronically through the IRS Online Payment Agreement tool or by mail.
4.What info do I need to provide when applying for an IRS installment agreement?
Our associate consultants specialize in a range of business areas. These include strategic planning, issues resolution, culture assessment, board effectiveness, retention.
5.Are there fees associated with setting up an IRS installment agreement?
Yes, there are fees associated with setting up an IRS installment agreement. The fee varies depending on the type of agreement and how it is set up. Low-income taxpayers may qualify for reduced fees.
6.What happens if I miss a payment on my IRS installment agreement?
If you miss a payment on your IRS installment agreement, the IRS may send you a reminder notice or take enforcement actions, such as imposing penalties or initiating collection activities. It’s essential to communicate with the IRS and address any missed payments promptly.
7.Can I modify or renegotiate my existing IRS installment agreement?
Yes, taxpayers can request modifications to their existing IRS installment agreements under certain circumstances, such as changes in financial circumstances or the need for lower monthly payments. However, approval is subject to IRS review and discretion.
8.Can I pay off my IRS installment agreement early?
Yes, taxpayers can pay off their IRS installment agreements early if they have the means to do so. Paying off the balance early can save on interest and potentially reduce overall costs. Taxpayers can make additional payments or pay the remaining balance in full at any time.
9.What are the consequences of defaulting on an IRS installment agreement?
Defaulting on an IRS installment agreement can have serious consequences, including additional penalties and interest, enforced collection actions (such as liens or levies), and damage to credit ratings. It’s crucial to communicate with the IRS and address any issues promptly to avoid default.
