What if I owe the IRS and Can’t Pay in Full?

Set Up an Installment Agreement.  You really don’t need to hire anyone.  Some general rules…

If you owe Personal Income Tax of less than $10k, divide the amount by up to 36 months and offer to pay this… it is a GUARANTEED INSTALLMENT AGREEMENT.

If you owe Personal Income Tax of less than $25k, divide the amount by up to 60 months and offer to pay this…. It is a STREAMLINED INSTALLMENT AGREEMENT.  It is not guaranteed but it usually works.

If you owe Payroll Tax, divide the amount by up to 24 months.  This is usually successful.

In all circumstances, you will have to be “In Compliance”… meaning, you have filed timely, and paid timely since the agreement.  If you violate the “In Compliance”, you are back to square one.

Again, you do not really need to hire anyone in the above circumstances… but if you feel more comfortable in doing so, or your situation is you owe more than the above amounts, you can contact uswww.USATaxHelp.com

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