Installment Agreements

The IRS and states vary widely in how long they will allow for the payback period and what actions or inactions can result in an rejection of an installment agreement request, or the default of an existing agreement.  Please contact Larson Financial to get answers specific to your situation.

Installment agreements allow taxpayers to pay tax debts to the IRS or state taxing authorities over a scheduled period.  Although there are several factors necessary for the acceptance of an installment agreement, it must identify what the taxpayer can afford on a monthly basis and demonstrate that the liability will be paid off in a timely fashion.  This requires different types and amounts of documentation, depending upon the amount owed and to whom. For example, the IRS will set up installment agreements over the phone and with no financial forms if the amount owed is under $10,000.

We strive to save our clients money, time and stress.  Just as there are many different tax related problems, there are many options for tax resolution.  Call us at 888-902-0778 for a free consultation. In a few minutes we will help you to better assess what options are best for your unique situation.