I owe the IRS some dough from a few years ago and I want to make things right how do I go about it?
2007-03-29 08:20:41 · 5 answers · asked by Joseph B 1 in Business & Finance ➔ Personal Finance
Setting up a monthly payment plan with the Internal Revenue Service is easy. Either you or your tax professional can set up an installment agreement quickly either over the phone or by filling out some paperwork. In IRS jargon, a monthly payment plan is called an installment agreement. Setting up an installment agreement is one of five ways to get out of tax debt.
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2007-03-29 08:29:05 · answer #1 · answered by Indiana Frenchman 7 · 0⤊ 0⤋
They do, but there are charges for it in addition to interest. It also depends on how much you owe. The IRS won't set up a payment plan if it believes that you have the money available.
2007-03-29 08:25:07 · answer #2 · answered by garyg7 7 · 0⤊ 0⤋
Start by getting a lawyer. They can usually settle for pennies on the dollar.
2007-03-29 08:24:50 · answer #3 · answered by mattymomostl 3 · 0⤊ 0⤋
If you do not have the money to pay in full you might contact someone like http://www.tax-help.net/ ....or.... http://www.taxincorporated.com/offerincompromise.htm .
grace2u
2007-03-29 08:37:47 · answer #4 · answered by Theophilus 6 · 0⤊ 1⤋
Finally, that's what I was searching for! Thanks op of this question.
2016-08-23 22:21:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋