Establishing an affordable IRS Payment Plan

Carolina Tax Resolutions has extensive experience with IRS Payment Plans.

Beware — many tax resolution firms will tell you that you qualify for an Offer in Compromise (OIC), or that you can settle for less than is owed to the IRS for a flat fee, regardless of whether or not you have a legitimate chance of qualifying for an offer in compromise.
If you don’t qualify for the IRS’s Offer in Compromise program, a payment plan is typically the best way to resolve your problem. This is an agreement between the taxpayer and the IRS that is based on national standards to determine what amount the taxpayer will pay the IRS each month while allowing the taxpayer funds for food, housing, clothing, medical and transportation expenses. It’s a complicated formula that has to be calculated. The automated collections group (ACS Collections) at the IRS will not inform you of your rights and may let you enter into a payment plan that you can’t afford. This is why it is essential to obtain professional assistance with this process.  Carolina Tax Resolutions will do everything possible to get you a payment plan with the best possible terms. Properly prepared IRS documents are essential to this process.  Fortunately, Carolina Tax Resolutions knows how to prepare the documents and submit them with supporting documents to quickly resolve your situation. Contact us today for a no-obligation consultation.