Installment Agreement Help
Set Up an IRS Payment Plan with Priority Tax Relief
Facing tax debt can be overwhelming, especially if you are unable to pay the full amount owed by the due date. An IRS installment agreement allows you to pay back taxes through a monthly payment plan.
Priority Tax Relief is a tax resolution service that helps taxpayers set up installment agreements with the IRS. We know how to structure a payment plan that the IRS will accept that, most importantly, works for your budget.
Expert Consultation
Application Assistance
Representation
Preventative Strategies
Get help assessing your financial situation and tax debt to determine the best payment plan option
Assistance in preparing and submitting your application for an installment agreement
Let Priority Tax Relief handle IRS communications and negotiations on your behalf
Guidance on how to prevent future tax debt through proper tax planning and compliance
Installment Agreement Eligibility
To be eligible for an installment agreement, taxpayers generally need to meet the following criteria:
- Current Tax Returns: All required tax returns must be filed.
- Current with Estimated Tax Payments: If applicable, estimated tax payments for the current year must be up to date.
- Within Debt Limits: The total amount owed must typically be less than $50,000 for individuals and $25,000 for businesses.
If you need help determining whether or not you are eligible for an IRS payment plan, contact our team of experts to help assess your financial situation and whether you meet the required criteria.
Types of IRS Payment Plans
The IRS offers several types of payment plans that allow taxpayers to pay off tax debt over an extended period of time. Instead of paying the entire amount at once, taxpayers can make monthly payments until the debt is fully paid.
The types of IRS payment plans are:
- Short-Term Payment Plan: For individuals who can pay their tax debt in full within 120 days.
- Long-Term Payment Plan: For individuals who need more than 120 days to pay their tax debt. This plan requires monthly payments.
- Partial Payment: For individuals who cannot afford to pay their tax debt in full but can make smaller, more affordable monthly payments.
Should I Apply for an Installment Agreement?
The IRS gives taxpayers 180 days to pay the taxes they owe. If you know that you cannot pay back your taxes within 180 days, it’s time to determine whether you are eligible for an installment agreement. You can choose between the different types of installment agreements depending on your current financial situation.
An installment agreement can be a serious stress reliever for those who are in a tight financial situation or cannot comfortably pay back the taxes before the IRS deadline.
Contact Priority Tax Relief at 888-708-2872 to learn more about Installment Agreement and schedule a consultation.
Cancellation: Any cancellation of services must be made in writing and delivered to 400 S. Jefferson, Suite 100, Spokane, WA 99204 within three business days of the date of this agreement. If the client cancels services during this time, Company, reserves the right in its sole discretion to convert the agreed fee payment structure to an hourly one by which Client agrees to pay Company an hourly rate of five hundred fifty dollars an hour, entitling Client to a refund of up to fifty percent of all monies paid beyond the ten day money back guarantee in cases where no aggressive collection action is in place.