An Installment Agreement is an arrangement between the taxpayer and the IRS that allows the taxpayer to pay off their tax liability in installments.
The IRS will work with you to devise a payment plan that works for both parties. The time it takes to pay off your tax bill depends on how much money you owe and how much you can afford to pay each month based on your financial condition.
If the taxpayer fails to make payments on time or ignores IRS letters, the IRS may terminate this payment option.
Contact us today to learn more about how we can help reduce your taxes through this option.
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