Partial Payment Installment Agreement

Partial Payment Installment Agreement

You may be able to make payments on part of your debt if you can’t afford to pay it all. Unfortunately, the debt will take longer to pay off, and the IRS will file a federal tax lien on your property to make sure you pay it.

What are the results when requesting an installment payment plan?

When requesting an installment payment plan with certain exceptions, the IRS will suspend all collection action against you until the offer is either accepted or rejected, during their review of the installment offer.

If the offer is rejected, the IRS resumes collection activity 30 days after providing the rejection letter.

When you exercise your right to appeal either an installment agreement or termination of an installment agreement, IRS collection activity is suspended until the appeal decision becomes final.

Reach out to us for a free consultation!

Innocent Spousal Relief

Innocent spouse relief can relieve you from paying additional taxes if your spouse understated taxes due on your joint tax return and you didn’t know about the errors.

Innocent spouse relief is only for taxes due on your spouse’s income from employment or self-employment. You can’t claim relief for taxes due on:

• Your own income
• Household employment taxes
• Individual Shared Responsibility payments
• Business taxes
• Trust fund recovery penalties for employment taxes

If you believe you are in this situation, give us a call. It’s free, and you have nothing to lose!