Have you recently discovered that you owe far more in taxes than you’d expected? Do you have years of back taxes, tax penalties, and interest charges hanging over your head? One way to pay off these oversized tax debts is to establish an installment agreement with the IRS. An installment payment plan breaks up a large debt into manageable monthly chunks and gives you a set number of months—usually up to 60—to pay the total amount. If this sounds like a way for you to become IRS compliant, don’t hesitate to get in touch with Taxation Solutions, Inc. We’re the Cincinnati area’s best choice for installment agreement negotiation, and we’re standing by to take your call!
In order to be eligible for an installment agreement, you must be current with all tax returns and estimated tax payments. If you owe $25,000 or less, you can request an installment payment plan using a form the IRS posts on its website, or you can print and mail the form to the tax authorities in the envelope the IRS sent with your tax bill. You’ll need to specify the amount you wish to pay per month. You should hear back within 30 days about whether your request has been approved or denied. Taxation Solutions, Inc. can walk you through the petition process and help you calculate the best monthly amount. We’re eager to help you get the tax settlement you require.