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IRS Payment Plan

Thankfully, the IRS has alternative options for those that are financially unable to immediately pay their tax debt. However, the eligibility for these options can be very overwhelming. IRS Audit Group can help you find the best fit in an effort to reduce tax debt, eliminate tax disputes, and do the negotiating with the IRS for you.

Each situation is different so we believe in catering to your needs. Allow us to review your tax information and determine what works best, according to your financial stability.

What are your options?

You may find that the only way to meet your tax obligation is in monthly installments by coming to an online payment agreement with the IRS. If either of the the below apply to you, then you may be eligible to apply for an online payment agreement:

  • Individuals must owe $50,000 or less in combined individual income tax, penalties and interest, and have filed all required returns.
  • Businesses must owe $25,000 or less in payroll taxes and have filed all required returns.

If you’re ineligible for an online payment agreement, you can still pay in installments. IRS Audit Group will work with you to complete and mail necessary forms. This is difficult to do on your own. We will also help you manage and understand the agreement with the IRS to avoid default.

What happens if you do not pay your taxes?

While we hope this isn’t the case for you, be aware that not filing and paying taxes can result in penalty fees, interest and more extreme measures taken by the IRS. The team at IRS Audit Group extends their expertise to help taxpayers avoid facing notices from the IRS, forfeiting their refund, receiving a federal tax lien or declaring bankruptcy.

What if there is an error on my file?

Be sure to review your notice or bill from the IRS. If you still believe there is an error, you should get in touch with an attorney who can work with the IRS office to make corrections. As always, we recommend keeping photocopies of any records that may help your case. If you’re correct, the IRS will make the necessary adjustment to your account and send you a corrected notice. They outline this process on the website, but it can be troublesome and time consuming without the help of IRS Audit Group and our team of lawyers, CPAs and enrolled agents.

What is the penalty and interest on an IRS payment plan?

You’ll likely want to avoid these charges. The best way to do so is by seeking help from tax professionals to assist with the dilemma. IRS Audit Group is familiar with the IRS landscape and can sort out the situation in a quick and professional manner.

The current rate of interest is applied to any tax paid after the April 15 deadline. Taxpayers can limit these charges by paying sooner. As soon as you are made aware of your tax debt, we encourage you to contact a professional for advice on avoiding penalties and added interest charges.