If you find yourself behind in tax liabilities,
you can always “borrow” from the IRS. It is estimated
that the IRS has over one hundred billion dollars owed to them by
individual and business taxpayers.
When you find that you can’t pay what you
owe, the IRS may work out some type of payment arrangements. The
IRS guidelines for what expenses they will allow each month are
very stringent. But the bottom line is that you only pay the IRS
what you can afford each month. For example: A taxpayer who owes
the IRS $47,000 may only be paying $50 per month and a taxpayer
who owes $13,000 may be paying $800 per month.
How much you owe does not matter. The payment
arrangements are based on how much you can pay. You must understand
what the IRS guidelines allow before any contract is made with the
IRS regarding monthly payments.
Preparation is the key. We carefully review your financial condition
and can usually suggest the amount which the IRS will accept for
a monthly payment before we contact the IRS. We will also analyze
the impact of additional interest and penalties assessed during
the installment payment period to determine if the arrangement makes
Us to end the Worry and Stress of Your IRS Problems.
to Top of Page