Payment Agreements

Request A Case Evaluation Or Tax Resolution Development Plan

Get a Tax Resolution Development Plan from us first before you attempt to deal with the IRS. You would meet with Board Certified Tax Attorney Jeffrey B. Kahn at the office location most convenient to you. Jeff will review your situation and go over your options and best strategy to resolve your tax problems. This is more than a mere consultation. You will get the strategy or plan to move forward to resolve your tax problems! Jeff’s office can set up a date and time that is convenient for you and take your credit card information to charge the $475.00 session fee which secures your appointment. By the end of your Tax Resolution Development Plan Session, if you desire to hire us to implement the strategy or plan, Jeff would quote you our fees and apply in full the $475.00 charge for the Tax Resolution Development Plan Session.

If you cannot pay all that you owe now and do not qualify for an offer in compromise, an IRS installment agreement may be your next best option. Payment Agreements allow you to pay IRS debt in full in smaller, more manageable amounts, usually in equal monthly payments. The amount of your installment payment will be based on the amount you owe and your ability to pay that amount within the time available to the IRS to collect tax debt from you.

A tax settlement attorney can help you to set up a payment agreement with the IRS.You should be aware, however, that an IRS payment plan is more costly to you than paying all the taxes you owe now or borrowing funds to pay the amount you owe. Why? Because the IRS charges interest and penalties on the tax you owe and charges interest on the unpaid penalties and interest that have been charged to your tax account.

So, while you are making payments on your tax debt through a Payment Agreement, the IRS continues to charge interest and penalties on the unpaid portion of that debt. The interest rate on a bank loan or cash advance on your credit card may be lower than the combination of penalties and interest that the IRS charges.

Another cost associated with a Payment Agreement is the initial setup fee of $120 charged by the IRS.

Even if you agree to a Payment Agreement, the IRS may still file a Notice of Federal Tax Lien to secure the government’s interest until you make a final payment. However, the IRS cannot levy against your property (1) while your request for a Payment Agreement is under consideration, (2) while your agreement is in effect, (3) for 30 days after your request for an agreement has been rejected, or (4) for any period while an appeal of the rejection is being evaluated by the IRS.

We can conduct an evaluation of your current tax situation and make some recommendations. If we find an area of concern, you can rest assured that by engaging our services, our office will act as your advocate and seek to resolve your IRS problems.

For prompt evaluation of your case, we encourage you to contact us. You may also contact us using our toll-free number at 866.494.6829