Installment Agreement

Pay Your Tax Debts Over Time Through An IRS Installment Agreement

Penalties and interests can cause tax debts to quickly grow in size. For many, paying the debt in one lump-sum payment is not an option. There is another way to become tax compliant.

From our office in Chester County, Pennsylvania, McCauley Law Offices, P.C., helps taxpayers nationwide negotiate installment plans with the IRS, become tax compliant and avoid IRS seizures.

Make Your Tax Debt Manageable

At McCauley Law Offices, P.C., our attorneys will help you negotiate an installment agreement, or payment plan, that allows you to repay your tax debt over time. By breaking the payments down into smaller, more manageable sums, you can become tax compliant without breaking the bank.

The IRS has powerful collection tools. It can garnish your wages, foreclose on your property and seize your bank accounts. Setting up an installment agreement will prevent these collection actions.

How Do Installment Agreements Work?

Under an installment plan, you will be given a set amount of time to repay your taxes. If your tax debt is less than $50,000 a streamlined agreement will be used. A streamlined agreement is fairly straightforward. Under this plan, your tax debt can be repaid over a 72-month period.

For tax debts over $50,000 negotiating an agreement is more complicated. Under a nonstreamlined installment plan, the amount you pay each month will be based on your ability to pay. This requires a full analysis of your income and expenses.

The formulas used by the IRS often weigh in favor of the service, not the taxpayer. Our lawyers know this and know how to negotiate fair installment agreements that make sure you aren’t paying more than you can reasonably afford.

Act Now. Contact McCauley Law Offices, P.C., Today.

The longer you wait to take action, the more interest and penalties will accrue. Don’t let your tax debt get out of control. Call our office today at 610-388-4474 or contact us online. Our lawyers will take immediate steps to get your tax debt under control. Consultations are free.