Approximately 75% of all delinquent taxpayers use the IRS Installment Payment program to obtain IRS tax relief. In our E-guide to tax resolution we inform you how to use the IRS Installment Payment program for IRS tax relief and all the additional programs the IRS offers as well.
After you have reviewed our E-guide to tax resolution and completed our online program, you will be able to do a side-by-side comparison of the different IRS resolution programs to determine which one will provide you with the greatest IRS tax relief.
There are 4 different IRS Installment Payment program options available.
We explain to you each variation in detail so that you understand which one will work best for you. Then we help you complete the correct paperwork.
After you determine which version of the Installment Payment program will work best for your IRS tax relief, the next step is to determine what your minimum monthly payment will be.
Our program will ask you a series of easy- to- answer questions regarding your current financial situation. Then our program will apply the repayment formulas in a way to allow you to make the smallest payment possible.
After you have successfully made your minimum payment as low as possible, you simply need to print and review your forms for accuracy.
Once your forms are confirmed, we will show you how to send them to the IRS. Then we will explain to you what to expect while the IRS is reviewing your request for IRS tax relief.
The IRS declines on average about 74% of all the other programs. Therefore, the majority of delinquent taxpayers use the IRS Installment Payment program to obtain IRS tax relief. If you have any assets that you would like to keep and/or a reasonable amount of income, more than likely you will be using the IRS Installment Payment program to resolve your taxes. Read more
Don’t worry, the IRS Installment Payment program can also allow you to resolve your taxes for a fraction of what you owe. As with any program that the IRS has that allows you to settle your tax debt for less than the full amount, it will require you to qualify for that option. Our system will help you understand what the IRS is looking for, and we will walk you through completing the correct forms to resolve your taxes for least amount.
For determining your IRS Installment Payment amount, the IRS will use your disposable income. Disposable income is Income – expenses. Then, depending on your specific situation, the IRS has only so many months to collect from you. In a simplified example here is how you can settle your taxes for a fraction of the total debt owed.
Disposable Income | $100 |
# of months the IRS can collect | 36 |
Outstanding tax bill | $50,000 |
In this example, the IRS can require you to pay only $100 for the next 36 months for a total of $3,600. Since the IRS can collect only for 36 months and you only have disposable income of $100 per month, the rest of the outstanding tax bill of $46,400 by law, must be forgiven.
There are many more factors that go into determining which IRS debt relief program will work best for you and what your repayment amount will be, but our system will walk you through the whole process step-by-step.
Use the pre-qualifier to ensure that our program is a good fit for your IRS debt relief needs. Your credit card, date of birth and social security number are not required. It takes just a few minutes and when you are done your information is sent to one of our program experts (a real human) to review. To get started visit our pre-qualifier.