If you currently owe more in back taxes or current-year taxes than you’ll be able to pay in a lump sum, you may be able to negotiate an installment payment plan with the IRS. This installment agreement will allow you to break up your debt into manageable monthly chunks, which can help you budget for the expense. You’ll need to fill out Form 9465 to request an installment payment plan—and be prepared for the tax authorities to investigate your finances before granting this tax settlement.
Want to be sure you’re setting up your petition for success? The pros at Tax Resolution St. Louis have four decades of experience negotiating tax settlements, including installment agreements. We’ll present the best possible case to the IRS on your behalf. We can also advise you on how much you should pay per month in order to maximize the benefit this tax settlement provides.
In and around St. Louis, Tax Resolution St. Louis is your best choice for skilled and knowledgeable tax help. We’re committed to solving our clients’ tax problems once and for all, helping each individual or business move forward onto a firmer financial footing. If an installment agreement is right for your situation, we’ll work tirelessly to help ensure you’re granted one. Call us today to learn more!