I am so grateful for these amazing people. I’m awful at all this tax stuff, hate it really. Amanda made it simple! I’ll be back every year!
~ Barbara Lantaff
IRS Payment Plan— NYC, New York
Helping You Manage Your Tax Issues With the IRS and State
Let us calm your nerves and manage your tax issues. We communicate with the IRS directly so you don’t have to. Gain insight into your tax situation with our tax analysis report.
IRS Payment Plans Allow You To Pay Your Personal Tax Debt Over Time
If you’re from the NYC, New York, area, and owe the IRS money on your personal taxes, you can consider setting up an IRS payment plan or installment agreement that allows you to pay your debt over time. The IRS has recently relaxed the terms and made it easier for you to qualify for a payment plan that fits your budget.
~ Carl H., Colorado
~ Ed G., Colorado
~ Davis G., Colorado
In the twelve plus years that I’ve been having my taxes professionally prepared, this years’ preparation by True Resolve was the most professionally, well organized and presented I’ve ever experienced! Due to events out of my control the person doing my taxes was unable to complete them so, with only a few days until they were due I called True Resolve, they were very courteous and took me on as if I was the only client they had. I am so glad to have found them and will be using them for all my future tax needs.
~ G. Kristin, Colorado
True Resolve has helped me out tremendously with back taxes, it has been a pleasure to work with Amanda and her team of dependable Tax Professionals. I highly recommend working with True Resolve Tax Professionals.
~ Bruce K., Colorado
I was facing an audit on my business and my personal taxes by the IRS. The accountant who had prepared my taxes was not answering my calls and a friend of mine told me to contact Amanda Kendall. Amanda was very helpful in helping me understand the process I would be facing and what this would entail as well as how long it would take to complete the audits and get a determination from the IRS. My accountant had made some mistakes and Amanda was quick to point those out and tell me what that would mean for me in the audit. It turned out one of the mistakes was in my favor and almost helped offset the ones that weren’t. By the time the audit was over it was almost exactly what Amanda had prepared me for.
~ Sarah G, Colorado
Amanda was a life saver. My payroll system for my business had made some major mistakes in my filing and Amanda fixed everything! I was afraid it was going to be a nightmare and she made it all so simple for me! I am so grateful to have her on my team.
~ Abby H., Colorado
~ Christopher D., Colorado
~ Linda B., Westminster, CO
~ Rickey C., Colorado
~ Donald B., Colorado
Invest in peace of mind. Gain the insights needed to understand your options.
IRS Payment Plans
The IRS Fresh Start Program allows taxpayers who owe up to $50,000 to pay off their tax debt through monthly payments for up to 72 months. The agreement can generally be set up without financial documentation, and there are two streamlined agreement options:
- The first agreement option is for taxpayers who owe less than $25,000.00 in assessed taxes. These taxpayers are able to set up a payment plan that pays the amount owed, including penalties and interest, within a timeframe of no more than 72 months. Payments on this agreement can be submitted made by mailing in a check, making online payments, or setting up a direct debit from your bank account or a payroll deduction through your employer. There are benefits to setting up a payment as a direct debit, especially if you can make a payment that will pay the amount you owe off in 60 months or fewer.
- The second streamlined agreement is for taxpayers who owe more than $25,000.00 but less than $50,000.00 in assessed taxes. These taxpayers are also able to set up a payment plan that pays the full amount owed, including penalties and interest within a timeframe of 72 months or fewer. Payments on this type of agreement are required to be made either via direct debit from your bank account or as a payroll deduction. Mailing in checks or paying online is not an option with this type of agreement.
Taxpayers who cannot pay off their debt within the 72-month timeframe may qualify for a full pay agreement. This agreement allows you to pay off your taxes within the collection period allowed by law (10 years) via pre-determined monthly payments to the IRS. In some cases, you may be required to submit documentation to substantiate your income and expenses and to determine your payment amount.
There are also IRS payment plans for taxpayers who cannot resolve their tax debt within the collection period allowed by law:
A partial pay agreement requires you to submit complete financial information and documentation of income and expenses to the IRS to determine what you can afford to pay each month. The IRS will review your payment every two years to determine if they can increase.
A staggered payment plan also called a tiered agreement, allows a taxpayer to pay one amount to the IRS for a predetermined time and then increase the payment amount according to the terms of the agreement. For instance, you may be able to increase your payments to the IRS once you have paid off a car after 18 months. Or you may be asked by the IRS to lower the payments on another debt within a certain timeframe to pay off your taxes quicker.
Setting up IRS Payment Plans with True Resolve
At True Resolve, our New York-based tax experts will review the IRS payment options available to you, determining which one best fits your budget and your situation. We negotiate directly with the IRS to ensure the best outcome possible. Contact us today to discuss a plan to pay off your taxes and secure your financial future.