IRS Installment Agreements
Installment Payment of Taxes
Tax Installment Agreements allow you to pay taxes owed to the Internal
Revenue Service monthly. Individuals and business
taxpayers can qualify for installment payment plans.
Ability to Pay
Just because taxes are owed to the IRS, it does not mean that you will
loose your house, have your wages garnished and your bank accounts
levied. Your tax attorney can negotiate with the IRS to force them to
work out some type of payment arrangements. The installment payment is
based on the ability to pay - income versus expenses. Unfortunately,
the IRS has tough guidelines for what expenses they will allow each
month. Before you contact the IRS, you should engage a tax
lawyer who understands what the IRS guidelines allow, to
avoid those cases where an installment agreement is not practical.
What You Need to Do
First, you must have all you tax returns filed. If returns are missing,
the IRS cannot
accept an Installment Agreement. If you returns are not prepared and
filed, and your accountant will not prepare them, my office can prepare
Second, you must be current.
This means you must pay you most recent tax obligations in full.
Finally, you need to complete a special IRS Financial Statement. This
is called a Collection
Information Statement. For individuals, IRS form 433A
is used. For Businesses, form
is required. I will help you complete these sophisticated
documents to advocate for you.
Call a Tax Lawyer!
Fighting the IRS is too difficult without an experienced tax lawyer.
Call Ronald J. Cappuccio, J.D., LL.M.(Tax) at (856) 665-2121
for immediate help
Ronald J. Cappuccio, J.D.,
1800 Chapel Avenue West, Suite 128
Cherry Hill, NJ 08002 USA
Phone (856) 665-2121
Fax (856) 665-9005
J. Cappuccio, J.D., LL.M.(Tax) All Rights Reserved