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Coast to Coast

IRS Installment Agreement

IRS Payment Negotiation

Helping Clients, From Coast to Coast, 

Determine What's Best For Them

Although an Installment Agreement with the IRS may seem like a "reasonable solution" to your IRS problem, it may not be the "best solution" for you. Before you agree to anything with the IRS, consult with an experienced tax professional.

Did you know this? If you enter into an Installment Agreement (payment plan) with the IRS allowing for partial payment of the amount due, you'll likely have to sign a form waiving the ten-year limitations period. This extension can be no more than six years.

If your Statute of Limitations period is nearing its end and you still owe the IRS substantial money, IRS agents may "cozy up to you" and offer you an installment agreement with attractive terms in order to get you to agree to extend the collection deadline. Consider carefully before agreeing to any such extension. You may be better off refusing to extend the deadline and let the IRS collect whatever it can before it runs out.

The IRS always has 2 goals. Collect money and close a collection file. Getting a confused, anxiety-filled taxpayer to quickly agree to an Installment Agreement accomplishes both goals. The confused anxiety-filled taxpayer may, temporarily, feel relief because "it's now over." But it may not be over. If a payment is missed, the agreement defaults and the IRS resumes enforcement. You are back where you started. Also, penalties and interest will keep accruing and by the time your tax bill is paid, you will have paid double the original amount.

It's very important, however, that you hire an experienced tax professional to help you negotiate with the IRS so that you do not agree to something that will harm you financially. 

You can call our teams for a free, no-obligation consultation. Our consultations usually take 20 or 30 minutes. During our conversation with you, we can determine the best course of action to limit your liability. Entering into a payment plan with the IRS is the last resolution choice. Before our Tax Attorneys advise you to agree to an Installment Agreement, we need to explore Currently not Collectible status or obtaining a clear cut tax settlement with a successful Offer in Compromise.

Our tax professionals will help you determine the correct IRS Tax Relief Program for you.

Before you agree to an IRS Installment Agreement, you should find out if you can have the penalties abated, if you can be placed into Currently not Collectible status or settle your entire tax debt with an Offer in Compromise.

As far as the standard installment agreement for people owing less than $50,000 in back taxes, the IRS has a program known as the Fresh Start Initiative turns an Installment Agreement into a streamlined process for paying off your tax debt over time.

The Fresh Start Initiative program has been expanded to allow people owing between $25,000 and $50,000 to participate. Additionally, under the Fresh Start initiative, the maximum term has been raised from 60 months to 72 months.

If you owe more than $50,000, it may be necessary to enter into an Installment Agreement to pay down a portion of your debt so that you can qualify for an installment agreement. By working with our team, you will benefit from our lawyers handling the sensitive negotiations with the IRS. Our goal is to keep your money in your pocket.


Our Tax Professionals Will Help You Settle Your IRS Problem.

Call the team at Flat Fee Tax Relief today for your free consultation or use the online form.