Manage Your IRS Debt with an Installment Agreement.
IRS Installment Agreement: Pay Your Tax Debt Over Time
If you can’t afford to pay your tax debt in full, an Installment Agreement with the IRS may be the solution you need. At Cheshier Tax Resolution, we help individuals and businesses set up manageable payment plans that provide relief from IRS pressure and allow you to pay your tax debt over time.
What is an IRS Installment Agreement?
An Installment Agreement is a program that lets taxpayers pay off their tax debt through monthly payments rather than in one lump sum. This option can prevent the IRS from taking more aggressive actions like wage garnishments or bank levies, as long as you stay current with your payments.
How an Installment Agreement Can Help:
An Installment Agreement can provide several benefits:
- Monthly Payments: Spread your payments out over time to reduce financial stress.
- Avoid Enforcement Actions: Keep the IRS from taking drastic steps like garnishing wages or seizing bank accounts.
- Flexible Terms: Installment plans are customized based on your financial situation, so you can pay what you can afford each month.
Do You Qualify for an Installment Agreement?
Qualifying for an Installment Agreement depends on your total tax debt and financial ability to pay. Generally, the IRS will look at:
- The total amount of your tax liability
- Your current income and financial obligations
- Whether you’ve filed all required tax returns
If you owe $50,000 or less and can repay your debt within six years, you may qualify for a streamlined Installment Agreement. Our team will help you determine if you qualify and guide you through the process.
Our Process:
- Free Consultation: We start by reviewing your financial situation and tax debt to determine if an Installment Agreement is the best option.
- Application Submission: We’ll handle the paperwork and file your Installment Agreement request with the IRS, making sure to include all necessary financial documentation.
- Negotiation: If needed, we’ll negotiate with the IRS to secure the best possible terms for your payment plan.
- Peace of Mind: Once your Installment Agreement is approved, you can rest easy knowing that you’ve put an affordable plan in place to pay off your debt over time.
Why Choose Cheshier Tax Resolution?
Our team of experts has helped countless clients set up IRS Installment Agreements that fit their financial circumstances. When you work with us, you’ll receive:
- Personalized support: We tailor our services to your specific financial situation and needs.
- Experienced representation: We’ll deal with the IRS on your behalf, reducing the stress and anxiety of managing it yourself.
- Proven results: Our clients regularly achieve manageable payment plans that allow them to resolve their tax debts without hardship.
Take Control of Your Tax Debt Today
Don’t let IRS debt overwhelm you. Contact Cheshier Tax Resolution today to schedule your free consultation and learn how an Installment Agreement can help you pay your tax debt on your terms.
Call us at 469-647-9950 or fill out our online form to schedule a free consultation today.