|
Here's the
deal...you owe back taxes to the IRS. You don't qualify
for any special programs to reduce the debt you owe, so the IRS has
offered to set you up on an Installment Agreement monthly payment
plan. You can now pay off your tax debt just like you would with a
credit card. Things with the IRS are never that simple.
A world of
pain...The first thing you need to know is that an IRS
payment plan is not going to be to your advantage (when setup by the
revenue officer, without help from a specialized tax attorney). Your
"minimum" payment is going to be high, and may not even be
possible for you to maintain. So what is the framework for an
Installment Agreement with the most powerful collection agency in the
World?
-
The IRS
determines what your payment will be. How do they do
this? They take how much money you have coming in, then deduct your
"basic" living expenses. And these are so basic that
several of your important bills are not even considered as basic
such as credit card payments, payments on luxury items like boats,
private school for your kids, etc... The IRS then takes your income
minus your basic living expenses and the remaining amount is what
you have to pay them each month.
-
Speaking
of paying them each month, they are serious about you
paying on time each month. You can't make partial payments, your
payments can not be late, and don't even think about skipping a
payment.
-
If you
fail to make a payment, and the IRS doesn't care
why, you are in default of your payment agreement. The IRS may let
you slide once, but a second time guarantees that an IRS-Hitman
comes for your assets, your bank accounts, everything.
-
You can
also default through no fault of your own. If you owe
taxes for a year that you're in a payment plan you automatically
default and have to negotiate a new plan immediately.
-
Interest constantly add on to the debt, so if your payments are less
than the amount of interest you won't see that debt go down, and
that is frustrating.
-
If your
financial situation improves, such as you get a raise at
work, then the IRS knows about that and demands a new higher
payment.
Here are the
facts: 97% of all Installment plans fail. The IRS wants you to
default. Why? So they can collect their money faster by garnishing
your wages and seizing your accounts and assets.
LETTAXPAYER ADVISORY GROUP HELP YOU
GET THE
TAX ATTORNEY THAT BEST FITS YOUR SITUATION,
ON THE PLAN WHERE YOU
WILL BE ABLE TO GET ALL THE REDUCTIONS AVAILABLE, AND
THAT IS
AFFORDABLE TO YOU.
CALL
NOW FOR A FREE NO OBLIGATION CONSULTATION!
|
