Last Thursday, IRS commissioner Doug Shulman announced a new set of initiatives to help taxpayers struggling to pay their taxes or pay off back taxes in this lackluster economy.  Sometimes IRS enforcement actions (e.g. tax lien) can bury the taxpayer further which lessens not only their ability to climb out of the hole they are in, but [...]

The option to use an IRS Installment Agreement helps many people pay taxes they owe when they don’t have enough cash available to pay the owed taxes all at once.  There are many disadvantages and advantages to using an installment agreement to pay the IRS.

So, you’ve entered into an installment agreement with the IRS and now realize that you are unable to pay, what do you do? First off, don’t panic or become discouraged- the economy is extremely volatile and tough economic situations are understandable- even to the IRS. Take a moment to consider your situation, and how you arrived [...]

Do you owe tax money to the IRS? Have you been trying to figure out how you are going to pay your bill? Did you know that ignoring your bill could lead to dire consequences? You need to take action quickly and determine how you are going to pay it. One option is to set up an IRS installment agreement.

It is not uncommon in this day and age for consumers to simply assume any debts owed will be eligible for some sort of tax installment agreement. Americans routinely pay credit card debt in monthly payments and the same can be true for variety of other debts that qualify for repayment through installment plans. For [...]

The IRS can be picky when making determinations to approve taxpayer’s request to pay the IRS over time  when they owe the IRS over $10,000. If the information is not complete or the IRS believes it is inaccurate, it is very likely that they will deny the installment agreement. Here are some common reasons for denial: [...]

Did you know that an installment agreement will end up costing you way more money in the long run? Many people think that applying for a payment plan with the IRS will help them save money – this is not the case. It is very important to realize that you will be spending more money [...]

If you have tax problems and are looking for professional help it is important to find a reliable tax company to help. There are many companies out there that can help, large and small. Both large and small companies have their benefits. Depending on what you are looking for in a tax company and what [...]

As you know, the economy is affecting millions of people in a number of different ways. Some are losing their homes, others are losing their jobs, and many are finding it difficult to pay the taxes that they owe the IRS.

An installment agreement is one of the most common forms of paying back IRS taxes when a taxpayer cannot afford to pay in full. This payment method allows taxpayers to pay back taxes in monthly installments without being charged additional penalties.