If the IRS has burdened you with an unreasonable payment plan or is threatening to levy your wages, bank accounts, and other assets, our staff may consider setting up a payment plan. This is known as a partial payment installment agreement and it pays off only a percentage of your tax debts at a monthly amount you can afford.
We can get you a payment plan that conforms to your current financial requirements or, if your financial condition warrants, we can have your account placed in a "not currently collectible" status. This simply means that if you cannot afford to pay anything, based on your income and expenses, you may not have to pay your tax debt.
With 35 years experience negotiating with the IRS, our attorneys know how to fight for partial payment installment agreements.
In a partial-payment installment agreement, you make regular monthly payments to the IRS, but the payments do not pay off the tax debt in full. After the terms of the installment agreement are fulfilled, the remainder of the tax debts is forgiven. Partial-payment installment agreements are often a sound solution to get out of tax debt.
If you do not pay your taxes in full and on time, the IRS applies penalty and late fees to the amount that you already owe. These penalties are added to your account automatically by a computerized system. Frequently, these penalties can be inaccurate or completely unwarranted. Often we are able to have these fees overturned or refunded by submitting a request for penalty abatement.
In order for a penalty abatement to be granted, you must have a reasonable reason for falling behind in your taxes along with a plan for repaying your debt such as our partial-payment installment agreement. What constitutes “reasonable grounds” is based upon IRS regulations and tax case law. You will need an experienced tax defense attorney to counsel you on seeking tax penalty abatement.
It would be very difficult to prove your eligibility for penalty abatement to the IRS without the help of the tax specialists at StopTaxDebt.com.
"The payment plan that you were able to set up is better than we could have hoped for!"
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