IRS Tax Payment Plans

We hear many reasons why taxes are not paid; why you could not or did not file your 1040s for the last five tax years. Our job is not to judge what you did; our job is to go deeper into situations surrounding the decision to not file. Is this relevant to the course we take in working out a settlement with the IRS?

There are different payment strategies if you owe $10,000 or under, less than $25,000 and over $50,000. Will the IRS allow payment in two or six years? Is an Offer-In-Compromise realistic?

Work with a Padgett Enrolled Agent to:

  • Communicate with the IRS on your behalf.
  • Arrange an Installment Agreement with the IRS that allows you to maintain your normal standard of living.
  • Discuss other payments options rather than the IRS Payment Plans which are at high rates of interest with penalties. Is a credit line, credit card or a loan possible?

The IRS will require many forms to be completed depending on the amount owed. Completion of the forms correctly is imperative. Padgett will complete them for you.

Do you really want to talk to the IRS? Do you want to try to understand what they are telling you to do? Hire a Padgett professional. We work for you!

Call Christy at 586-323-2360 to start the discussion as to what should be done.

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