Law Offices of Nicholas Gebelt

IRS Installment Agreements


If you don’t qualify for the IRS’s Offer in Compromise program, an installment agreement payment plan may be the best way to resolve your problem.

In certain circumstances, the IRS will allow you to make monthly payments through an installment plan to pay your back taxes and penalties. This can resolve all of your IRS problems.

Before you request an installment payment plan, you must file all of your past tax returns. The IRS requires it before an installment plan can be established.

Once all of your filings are current, we will review your income and expenses to propose a reasonable monthly payment to the IRS for the duration of your agreement. We will then submit your installment agreement application to the IRS. Talk to an IRS Tax Attorney in Whittier, CA to help you with the application.

The IRS will review your application. As soon as the IRS receives your application, you are taken out of the dreaded “collections” category. You will immediately see a stop to the IRS’s harassment. Paying your installment on time each month will prevent the IRS from levying your bank account, garnishing your income, or putting a lien on your property. If you are not sure how to proceed, talk to an IRS Trial Attorney in Whittier, CA.

Get expert help to prepare your installment plan application

The easiest way to complete the necessary requirements for an installment plan application is to hire an experienced tax debt relief attorney to help you through the entire process. We are ready to work for you. We know what the IRS is looking for, how to communicate with them, and the best strategies for achieving a successful outcome. We can take away the stress and headaches of trying to negotiate this process on your own. Talk to our California IRS Installment Agreement lawyer at (562) 777-9159.

Once we have negotiated your installment agreement with the IRS, it is very important to keep in mind:

  • You will be paying interest on the balance of your tax debt – this is included in your monthly payment.
  • The IRS will continue to assess penalties until your debt is paid in full.
  • Future refunds will be applied to your tax debt until it is paid in full.
  • There may be a reinstatement fee if you default on your agreement.

The IRS will stop collections during the following times:

  • When an installment agreement is being considered.
  • While an agreement is in effect.
  • For 30 days after a request is rejected.
  • During the period the IRS evaluates an appeal of a rejected or terminated agreement.
Attorney Nicholas Gebelt

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IMPORTANT NOTICE
In light of the COVID-19 (coronavirus), we offer our clients the ability to meet with us via video conferencing and telephone. Please call our office at (562) 777-9159 to discuss your options. We are here for your legal needs now and in the future. Thank you.

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