A payment plan is an agreement with you and the IRS and/or a State/Local governmental agency to pay the taxes you owe on a monthly basis within an extended timeframe. We generally request a payment plan if you believe you will be unable to pay your taxes in full as currently owed.
A payment plan often requires paperwork and supporting documents to be filed with the taxing agency at issue. It is important to note that while the payment plan buys you time, the taxing agencies will still keep the interest running on your tax debt, and they always reserve the right to file a lien against you or your business to protect their interest.
We will help you get the best payment plan possible so that you can meet your budget and pay down your tax debt.