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 [...]

So, it is time to file your taxes and you realize that you cannot afford to pay the IRS. This is a tough position to be in. For many, the answer to this problem is to hide from the IRS and hope that they do not come around for a long time. Unfortunately, this is [...]

When you can’t pay your taxes on time or in full you have various options available to you. This year, more than ever, taxpayers are receiving tax bills that they are unable to pay. The IRS is well aware that there are situations that arise that will make it difficult for everyone to comply with [...]

Robert Traylor, the former NBA star and athlete, according to the Boston Herald has about 13 days to setup a payment plan with the IRS for the $178,000 dollars he owes or he could go to jail for 60 days. US District Judge Avern Cohn stated that if he doesn’t setup the payment plan (Installment [...]

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.

Are you entering into an installment agreement with the IRS? If so, you are making the move that is right for you and your tax liability. With an installment agreement in place you have the chance to pay what you owe without taking a large lump sum out of your bank account.