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How do I setup an Installment Agreement (payment plan)?

April 24th, 2009 · No Comments

If you would like to pay your tax debt through an Installment Agreement, call Sheppard Law Offices.

If you owe:

Ø $25,000 or less in tax, we will negotiate directly with the IRS on your behalf to set up the agreement.

Ø More than $25,000, we may still be able to setup an Installment Agreement for you, but we may also ask you for financial information that will help us determine your ability to pay.

Even if you setup an Installment Agreement, the IRS may still file a Notice of Federal Tax Lien to secure the government’s interest, until you make your final payment.  Do not panic if the IRS files a Notice of Federal Tax Lien… it happens in many cases.

Note: The IRS cannot proceed with any collection actions affecting your property while your request for an Installment Agreement is being processed.  Further, no collection efforts can be taken by the IRS while your agreement is in effect; or for thirty (30) days after the IRS rejects a request for an installment agreement; or for any period while an appeal is taken to challenge the rejection for an installment agreement.

Tags: Installment Agreements

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