IRS Installment Payment Options

When you are struggling to pay your bills, it may seem impossible to pay off your tax debt. If you don't pay it, however, the IRS could foreclose on your home, seize your assets or use other collection methods to pay off the debt. You can avoid these actions if you take steps to work with the IRS to pay off your debt.

One of the most common methods for paying off debt with the IRS is an installment plan. It is as simple as it sounds: You can work with the IRS to make monthly payments to pay off your tax debt over time. This can help you develop a budget and get your finances under control.

The Indianapolis attorneys at Saeed & Little LLP, can help you through the process of getting an installment plan. We have extensive experience representing clients with all types of debt issues before the IRS and in bankruptcy court. We will protect your rights and help you develop a payment plan you can afford.

Is An Installment Agreement Right For You?

If you are unable to pay your tax debt in one lump sum, but could pay it off over time, a payment plan may be the right solution for you. It can allow you to set up monthly payments to the IRS to pay off your debt. This might be just what you need to get debt relief from unpaid taxes.

In order to obtain an installment agreement, you must be up-to-date on filing your tax returns and you must submit an application to the IRS for the payment plan. If the IRS accepts your application for an installment agreement, you will need to pay the minimum amount each month, stay up-to-date with your tax returns and pay all of your taxes on time. If you are unable to pay taxes in the future, we can work with the IRS to revise your existing installment agreement to include those taxes.

Contact A Lawyer About Internal Revenue Service Payment Agreements And Plans

To speak with an attorney at our Indianapolis office about obtaining an installment agreement with the IRS, contact us online for a free, informative consultation. We can answer your questions and advise you of your legal options so you can make informed decisions about your tax debt.

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