IRS Tax Installment Agreement is a provision that enables financially-distressed taxpayers to pay their outstanding tax liabilities through monthly installments over a stipulated period. If a taxpayer meets the minimum requirements and the IRS is convinced with their reasoning, it also leads to cessation of all collection efforts. Establishing an Installment Agreement also eliminates the possibility of wage garnishments, levies or other enforced collection practices.
Usually, the IRS will not take any action against you if:
- Your installment agreement request is under consideration
- Your agreement is in effect
- Your installment agreement request has been rejected within the last 30 days
- The IRS is evaluating your appeal of a recent rejection or termination of an agreement
How We Help
We, at The Law Offices of Nick Nemeth, specialize in filing IRS installment agreement requests while considering all the dynamics at play to ensure you do not run the risk of defaulting on any future payments. In addition, if you already have a tax installment agreement but are unable to honor your payment agreement due to any unavoidable reason, we can help you file a request with the IRS so that it does not take any enforced collection action.
Contact for a Free Consultation
Approaching the IRS for a tax installment agreement request can be a complicated matter. That is where we can help. Equipped with in-depth knowledge about IRS tax laws and provisions, The Law Offices of Nick Nemeth and his team of tax attorneys, financial analysts, CPA, enrolled agents, case managers, and legal assistants can guide you at every step of the way. To schedule a free, confidential consultation in Dallas, Fort Worth, Houston TX and nearby areas, simply call (972) 627-4580 or fill out our Contact Form and we will get in touch with you right away.