One of the main functions of the IRS is to assess and collect all federal income taxes due. The IRS has substantial authority and power that was given to it by Congress to carry out its goals.
With these powers and the substantial financial resources that have been assigned, the IRS is essentially the world’s largest and most powerful collection agency. The IRS has enormous collection powers when it comes to getting its money. IRS officials can seize bank accounts, take paychecks and sell your assets. If you owe the IRS, you have to take steps to deal with the government agency. One of the ways you could do this is through an IRS Installment Agreement, negotiated by our Tax Attorney. If you are behind on your taxes, you may qualify for an IRS Installment Agreement. Once the agreement is arranged, you can make smaller, more manageable payments on your tax liability.
When trying to establish an IRS Installment Agreement, the taxpayer’s Tax Attorney must have reasonable negotiating skills. The IRS wants to collect the entire balance due as soon as possible, while the taxpayer is in need of a payment that works within their budget and that does not cripple them financially.
Often the taxpayer gets a monthly payment that is greater than what they can afford. This can result in a default under the agreement. If this occurs, the IRS will restart the collection process all over again. The taxpayer’s representative needs to make sure that they get an affordable installment agreement established upfront. The assistance of a tax professional can greatly improve the taxpayer’s chances of getting an affordable agreement.
The advantage to the installment agreement is that it will put an end to any collection efforts that the IRS was undertaking. This includes tax levies, garnishments, and collection calls.
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Before an Installment Agreement can be negotiated by Direct Tax Relief, our tax experts will review your IRS transcripts to make sure you are in compliance. Many times, delinquent tax returns may be required to be filed before the IRS will consider any payment options.
By aggressively negotiating with the IRS and working diligently, Direct Tax Relief can negotiate an affordable Installment Agreement on your behalf. Our goal is to obtain an Installment Agreement that fits within your budget and allows you to pay your necessary living expenses.
Taxpayer’s representative has to prove that the taxpayer is unable to pay the full amount of the taxes owed in order to be eligible for any Installment Agreement. In addition, they must supply the IRS with financial statements and other information pertaining to their financial condition.
IRS employees that arrange for tax liability payment plans are very knowledgeable, and their goal is to get the largest possible monetary commitment out of you. Taxpayers should be aware that IRS employees are very smart, and negotiating with such employees takes skill and expertise.
The IRS wants to collect its money as soon as possible. The IRS isn’t concerned about whether you can make your house or car payment. The government’s only concern is collecting their money now.
Many people who attempt to work out an Installment Agreement are not aware of their rights. By working alone, they will more than likely pay more than if they had experienced Tax Attorney representation.
This is a negotiation. You need an experienced tax professional in your corner! Our tax attorney has created a program to help our clients at every step of this process so that our clients can receive a comfortable Installment Agreement. Direct Tax Relief is a tax relief company and and help determine the best approach for you.
