Streamline Your Tax Debt with an IRS Installment Agreement
Dealing with tax debt can feel overwhelming, but you don’t have to face it alone. At Phillips Law Group, we work with our sister firm, Dayes Law Firm, to specialize in helping individuals and businesses navigate their tax obligations through IRS installment agreements. The skilled tax attorneys we work with are committed to guiding you every step of the way, securing the best possible terms to help you regain control of your finances and achieve lasting stability.
Why Choose Us?
Experienced Tax Attorneys: Our team of skilled, experienced IRS installment agreement attorneys has a proven track record of successfully guiding clients through the entire process with assistance from Dayes Law Firm.
Personalized Approach: We prioritize your unique considerations, offering compassionate and careful service at every stage of the process.
Comprehensive Support: Navigating the IRS system can be challenging and overwhelming. We work with Dayes to manage every aspect of the installment agreement process, from collecting required documentation to negotiating favorable terms, ensuring you stay informed and confident throughout the journey.
Proven Record of Success: Our firm has a history of achieving favorable agreements for our clients. Driven by a dedication to excellence and client satisfaction, we consistently deliver results that have a meaningful impact.
What Is an IRS Installment Agreement?
An IRS installment agreement is a payment plan that permits taxpayers to repay their tax debt over a period of time in manageable monthly installments. This option can prevent additional IRS enforcement actions, such as wage garnishments or bank levies, and assist you in restoring financial stability.
Our IRS Installment Agreement Services
Evaluation and Consultation: We start by conducting a thorough review of your financial circumstances and tax obligations to identify the most effective strategy.
Documentation Preparation: We help with gathering and preparing all required documentation to support your proposal for an installment agreement.
IRS Negotiation: Our attorneys and the team at Dayes Law Firm will work directly with the IRS on your behalf, aiming to obtain the most advantageous terms for your payment plan.
Compliance and Oversight: We assist you in staying compliant with your agreement’s terms and closely monitor your progress, offering continuous support and guidance.
How Do Phillips Law Group and Dayes Law Firm Help with Tax Resolution?
Tax attorneys are highly skilled professionals with in-depth expertise in tax laws and regulations. The team at Dayes Law Firm is comprised of exceptional tax professionals who excel in addressing a wide range of tax issues, particularly those involving intricate and complex tax resolution and compliance challenges. We work with them to specialize in resolving back tax issues, ensuring compliance, and managing income tax matters with precision and expertise.
These specialized tax attorneys can act on behalf of clients during IRS audits, assist with negotiating settlements, appeal tax court judgments, help taxpayers get releases of liens and levies, work with clients on tax planning and compliance to evade future tax problems, offer in compromise, and more.
Phillips Law Group and our sister firm, Dayes Law Firm, are dedicated to providing personalized, innovative, and cost-effective tax resolution solutions. With a client-focused approach, we tailor our services to address your unique circumstances effectively. Backed by years of experience in tax law and compliance, we bring a deep understanding of a wide range of tax issues. We’ve seen it all before and have handled countless tax resolution cases. We offer expert guidance, strategic counsel, and skilled representation to help you navigate even the most challenging tax concerns.
Dayes Law Firm is nationally acclaimed for excellence in tax law and a steadfast commitment to client satisfaction. We work right alongside them on tax resolution cases, and pride ourselves on delivering exceptional tax attorney services and tailored tax resolution strategies to address your unique needs. Offering free, no-obligation tax relief initial consultations, we assist individuals and businesses across the country with expert guidance and solutions.
Please call us today to learn more. During our no-obligation, first consultation to discuss your particular income tax concerns, we will be more than happy to discuss how we may be able to help you during this initial evolution with the help of Dayes Law Firm. Contact our team today to get started!
Questions? We Have the Answers
What is an IRS Installment Agreement?
An IRS installment agreement is a payment plan that enables taxpayers to settle their tax debt through fixed monthly payments over time, instead of paying the full amount upfront.
Who is Eligible for an IRS Installment Agreement?
Taxpayers with a combined tax, penalty, and interest balance of $50,000 or less typically qualify for a streamlined installment agreement. Those with larger balances may also be eligible, but they may need to provide additional documentation and possibly obtain special approval.
How to Apply for an IRS Installment Agreement
To apply for an IRS installment agreement, taxpayers can complete and submit Form 9465, Installment Agreement Request, either online using the IRS Online Payment Agreement tool or by mailing the form directly to the IRS.
Are There Fees Associated with Establishing an IRS Installment Agreement?
Yes, setting up an IRS installment agreement involves fees, which vary based on the type of agreement and how it is established. Taxpayers with low income may be eligible for reduced fees.
What Happens if an IRS Installment Payment is Missed?
If you miss a payment on your IRS installment agreement, the IRS may send a reminder notice or take enforcement actions, including penalties or collection activities. It’s important to contact the IRS and resolve any missed payments as quickly and respectfully as possible.
Can I Change my Existing IRS Installment Agreement?
Taxpayers may request modifications to their existing IRS installment agreements under some circumstances, including changes in financial circumstances or the necessity for lower payments each month. Approval of these sorts of modifications is subject to IRS review and discretion.
Can an IRS Installment Agreement be Paid Off Early?
Yes, taxpayers can pay off their IRS installment agreements early if they are able to do so. Indeed, paying the balance ahead of schedule can help reduce interest and overall costs. Taxpayers have the option to make additional payments or pay the remaining balance in full at any time.
Are There Any Consequences If You Default on an IRS Installment Agreement?
Defaulting on an IRS installment agreement can lead to severe consequences, including added penalties and interest, enforced collection actions (such as liens or levies), and damage to your credit rating. It’s important to contact the IRS and resolve any issues quickly to prevent default.
Available 24/7