Debt Relief

These programs require a financial Statement be filled out and in some cases filed with a tax return.

We will analyze your financial situation to see which payment you are eligible for and which payment options will resolve your tax debt. We tailor a resolution program that includes options to stop this from happening again. 

If you believe that you meet the requirements for low income taxpayer status, but the IRS did not identify you as a low-income taxpayer, You should submit the form Form 13844: Application for Reduced User Fee for Installment Agreements PDF to the IRS within 30 days from the date of your installment agreement acceptance letter to request the IRS to reconsider their status.

Contact us for review and guidance before submitting.

Installment Agreements (fee required)

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe.  Request a monthly installment agreement (payment plan) if you can’t pay the full amount you owe shown on your tax return (or on a notice). Most installment agreements are streamlined. 

  • The maximum term for a streamlined agreement is 72 months (6yrs). 

In certain circumstances, you can have longer to pay or you can establish an agreement for an amount that is less than the amount of tax you owe.

TYPES

Full Pay Installment Agreement

You owe $50,000 or less in combined tax, penalties and interest, and 

Filed all required returns.

    • Requires equal monthly payments
    • Up to 10 years to pay the full amount owed

Partial Pay Installment Agreement

you owe less than $100,000 in combined tax, penalties and interest.

    • You cannot pay in full by the end of collection period
    • Can pay some of the tax owed

Streamlined Installment Agreement (FEE)

You have filed all required returns and owe $25,000 or less in combined tax, penalties, and interest.

You are guaranteed installment agreement if the tax you owe isn’t more than $10,000 and:

  • During the past 5 tax years, you (and your spouse if filing a joint return) have timely filed all income tax returns and paid any income tax due, and haven’t entered into an installment agreement for the payment of income tax;
  • You agree to pay the full amount you owe within 3 years and to comply with the tax laws while the agreement is in effect; and
  • You’re financially unable to pay the liability in full when due

Offer in Compromise

An offer in compromise allows you to settle your tax debt for less than the full amount you owe. 

TYPES

Doubt as to Liability (DATL)

There is doubt as to whether or not the assessed tax is correct

Doubt as to Collectability (DATC)

There is doubt as to whether the debt could ever be paid in full. In these cases, the total amount owed must be greater than the sum of the taxpayer’s assets and future income.

Effective Tax Administration (ETA)

There is no doubt that the assessed tax is correct and no doubt that the amount owed could be collected but the taxpayer has an economic hardship or other special circumstances that may allow the IRS to accept less than the total balance due.