Jozwiak Law Offices
Tax Payment Agreements
Negotiating an Installment Payment
While supplying the Internal Revenue Service with only the minimal amount of legally required information about you, we are in many cases able to negotiate terms that will then require a minimum amount to be paid by you. We do encourage our clients on the installment program to make extra payments whenever possible, in order to quickly pay off the balance.
Often, the Internal Revenue Service will disallow rent or mortgage
payments higher then the amounts allowed within their guidelines for
computing how much you can afford to pay, and other expenses like credit
card payments may also fall into this category. You could then be saddled
with a payment amount substantially higher than you actually can afford to
However, the IRS will continue to monitor the situation by reviewing the account once or twice a year. In some cases the statute of limitations may run out and the taxes are no longer allowed to be collected.
Note: For all of the same reasons mentioned above that are relative to applying for installment payments, we advise extreme caution when applying for this type of resolution to problems on your own. If it is determined that you really cannot make payments at this time, you may be asked to sign an agreement that will extend the statute of limitations for many years to come.
Certain monthly expenses that you already have could be disallowed as above. It is therefore important to only provide what is absolutely required by law to the investigating authority for the same reasons previously mentioned.
If you feel that any of this applies to you or your situation, do not hesitate to call us for an appointment.
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