Installment Agreements

When you cannot pay your taxes in full, an installment agreement is the most common option to consider.

What you should do if you have not filed your tax return for years... ...continue What you need to know about the IRS Offer in Compromise program... ...continue How to completely wipe out the debt in Bankruptcy... ...continue

We prepare an IRS financial statement that details your monthly income and expenses to determine an amount which you can afford to pay each month. Unfortunately for many taxpayers, the IRS has issued national standards for food and incidentals and local standards for housing, car payments and car maintenance which may be less than your actual expenses. If not handled properly, you could be coerced into an unrealistic installment agreement. On the other hand, we may be able to make the IRS standards actually work for you.

Our success rate for negotiating payment plans is outstanding. We often think of expenses our clients have overlooked, and we can advise regarding areas of your personal budget which may need to be adjusted. Many times we can establish a monthly payment plan for a lower amount, with an increase in one year, allowing our clients the necessary time to alter their finances gradually.

The State of California has their own unique way of administering payment plans. You may be able to establish a three (3) year payment plan with very little financial disclosure. However, this procedure can vary from within the Franchise Tax Board. They can still require full financial disclosure, similar to the Internal Revenue Service.

The IRS uses experienced auditors and tax collectors.
Shouldn't YOU have the benefit of an experienced professional with YOUR best interest in mind?

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