Tax Resolution – Installment AgreementInstallment Agreement • November 5th, 2012
Contract Type FiledNovember 5th, 2012Last week we discussed your potential options for resolving outstanding tax debt. Now we’re going to take an in depth look at one such option: an Installment Agreement. This arrangement essentially consists of making an offer to pay off the tax debt with a series of monthly payments. If the IRS agrees that the offered monthly payment will pay the debt soon enough, a financial agreement is locked in. It then becomes your responsibility to make those payments every month until the agreement is complete.