IRS Installment Agreements

Palm Beach County Tax Attorney

At The Law Office of Michael K. Miller, P.A., the attitude is that every tax problem has a solution and that it should be solved in the most cost-effective manner possible. An exhaustive review is done of your financial records, tax returns and other pertinent information in order to correctly assess the problem.

Based on this review, a determination is then made as to what is the most viable way of resolving your tax situation. It may be that an " offer in compromise" is the best course of action or there may be a way to pay your tax obligation in full, thus avoiding or minimizing interest and penalties.

Immediate Solutions

In some cases, the best alternative is an installment agreement with the IRS. When done correctly, this plan provides for the payment of your debt in amounts which are manageable.

Simply not paying your taxes can result in IRS enforcement actions such as a lien or levy, in which your property can be seized. In order to find out about IRS installment agreements, whether you are qualified and how they work, use a reliable Palm Beach County tax lawyer from the firm.

Installment Agreements and IRS Levies

Normally, if your tax liability is less than $25,000, you will be required to pay off your debt within 5 years. In certain cases, the full payment of your taxes can be done over a period which is longer than 5 years. In another type of agreement, you will pay less than the full amount you owe, though this type is more rare.

An installment agreement is basically a negotiated payment plan with the IRS for individuals who are not able to pay off their full tax debt at once. Commonly, an IRS levy will not be carried out while your agreement is in effect and you are making the required payments.

Attorney Miller Understands the IRS

It is important, therefore, to be represented by someone who understands the law and what the IRS will agree to. As a former IRS Revenue Agent, Mr. Miller provides help to those who are not able to pay their full debt at once. He fights hard to ensure your rights under the law are protected.

Are you unable to pay your full IRS debt at once? Contact a Palm Beach County tax attorneyfor effective solutions to this problem.

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