Having a hard time paying your tax bill? Time to request for a payment plan!
Owing money to the IRS can be nerve-racking. If you do not make arrangements to pay or reimburse your tax, then you can be subjected to stringent action by the IRS, the most common being liens and levies. A levy is seizure of your property to cover the debt, while liens secure the government’s interest in your property. Both methods can affect your credit rating adversely, making it difficult for you to get lines of credit and loans.
However, the internal revenue service is not an enemy. It does allow alternate ways of payment to make life easier for the tax payer. You can request for a payment plan, given it is reasonable and you commit to maintaining it for the duration of the payment period. Apart from this, proposing a payment plan also requires you to put down part of your total tax bill or an initial down payment with the proposal to show the government that you will continue to pay.
Hire a professional!
If you owe the internal revenue service, it becomes important to familiarize yourself with the IRS procedures before entering into an agreement. It is best to leave the task to professional tax experts.
Experts at Fay Jamasbi are well aware of the complexities of the tax code. We will analyze your case carefully and try to negotiate with the IRS to get your tax penalties completely removed. Our team will assist you with the whole process from start till the end and will offer you advice on how to get your financials right for the future.
Our proposed IRS payment plan will give you some breathing space and prevent the government from taking action against you while you are in the process of repaying. For more information and solutions to your problems get in touch with the experts!