Tax Attorney Jim Gilland
801-444-9302
IRS Tax Solutions - Installment Agreement
Installment agreement - pay your IRS debt over time.
The IRS does not have to agree to an installment agreement, nor do they have to agree to the amount of the installment agreement. There are 3 types of installment agreements: streamlined installment agreement, installment agreement, partial pay installment agreement. I will discuss all three agreements below.
A streamlined installment agreement is for individuals who owe $25,000 or less to the IRS and can afford to pay that amount over 60 months.
The next is your basic installment agreement. The IRS will require you to fill out a financial form (433A or F depending on whether or not you are self employed). Once you have done that you will submit it to them for review. Your installment agreement will be based on that financial form. Essentially your monthly income minus your monthly "allowable" expenses. Notice that I said "allowable" expenses. That does not mean that all expenses that you have every month will be considered allowable by the IRS. If possible, that is where pre-planning comes into consideration before the financial form is filled out.
Finally, the last installment agreement is called a partial pay installment agreement. The reason that it is called this, is because the IRS only has a certain amount of time to collect your taxes called the collection statute of limitations. If your statute of limitations is going to run out before the installment agreement will be paid in full, then you have a partial pay installment agreement. Unlike the streamlined installment agreement and the basic installment agreement, this installment agreement will not pay your taxes in full before the statute of limitation expires.
As a local Salt Lake Tax Attorney concentrating in IRS Problem Resolution, I can help you decide if an IRS Tax Debt Installment Agreement is the right solution to your IRS problem. Please call Gilland Law for your free consultation at (801) 444-9302 or email Salt Lake Tax attorney Jim Gilland for your free IRS Tax help consultation and learn more about how an IRS tax debt installment agreement could help you.
Tax Resolution
Gilland Law Firm P.C. Specializes In IRS Tax Problem Resolution for taxpayers with back tax debt, payroll tax problems, IRS levies, IRS Liens, Large Penalties and other toubling Tax Problems
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Tax Attorney Jim Gilland, Esq. Featured on NBC as Guest on The Brian Tracy Show It is essential for your Utah tax lawyer to be an expert on local Utah tax laws and regulations and how they may affect your federal tax problems. As a tax attorney in Utah helping Utah clients with IRS tax problems, attorney Jim Gilland Has the experience to help resolve your tax problems or answer any tax questions you may have.
Salt Lake City Tax Attorney Jim Gilland has been personally meeting taxpayers with IRS tax problems in the Salt Lake area and has the experience to help solve your IRS federal tax problem. Not sure if you need to contact Jim? review our IRS tax problem FAQs.
Attorney Jim Gilland is located minutes away from Ogden Utah. Ogden taxpayers with IRS problems can benefit from a personal meeting with experienced tax lawyer Jim Gilland, he has specialized in helping Ogden and his Utah taxpayers resolve their IRS problems for tax relief.
Utah IRS Tax Relief Attorney Jim Gilland, works to help taxpayers' IRS Tax problems offering guidance for IRS Tax debt solutions including, offer in compromise, Installment agreements, Penalty abatement, Innocent spouse relief, currently not collectable status, bankruptcy and other methods to resolve your tax problems.
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