Use a Tax Attorney to Set Up Payment Plans with the IRS – Don’t Overpay!

IRS payment plan

Do you owe a large tax sum to the IRS that you cannot afford to resolve it in one payment?  Relax.  You have options.  Instead of putting yourself in a tough place, financially, to pay your tax bill, you can work with a tax attorney to set up a payment plan with the IRS.  This will allow you to pay off your debt in installments, without putting yourself in financial hardship.

Take a closer look at how an IRS tax lawyer can help you set up a plan with the IRS.

Key Insights We Will Discuss:

  1.  How tax attorneys can negotiate on your behalf
  2. Types of payment plans you can select from
  3. How an attorney can help you request an Offer in Compromise

Ways Tax Attorneys Can Negotiate with the IRS

While you can request a payment plan from the IRS yourself, it can be beneficial to hire a tax attorney.  An attorney can negotiate with the federal agency on your behalf to try to get a lower payment.  Because he or she is an expert in tax law, your attorney can explore various options to get your payments reduced.  He or she can also help you determine what information documents you will need to submit to the federal agency.

Types of Payment Plans the IRS Offers

When requesting a payment plan from the IRS, a tax attorney can help you determine which installment plan is right for you.  Some of the options you can select from include:

  • Pay Now Plan: Under this agreement, you will need to pay the entire amount you owe in one payment.  This can be paid via check, debit card, or money order
  • 120-Day Short-Term Payment Plan: Under this plan, you will pay back your debt through automatically scheduled increments.  These can be set up as automatic payments from your checking account, or you can also pay by check, money order, debit card, or credit card.
  •  Long-Term Payment Plan: In this plan, you will agree to payment installments and will pay via automatic withdrawals.  These payments are made through direct transactions from your checking account, or you can pay via a credit or debit card.

How to Request an Offer in Compromise (OIC)

If even paying a small amount to the IRS is a financial burden, you can work with a tax attorney to apply for an Offer in Compromise.  Under this program, your attorney can make an offer to the IRS that you can afford to pay.  If the IRS accepts your offer, your debt decreases to the offer amount. Your tax attorney will need to demonstrate to the IRS that you cannot pay the original amount, and show the federal agency that they should take the amount you can afford rather than risk not getting any of the debt repaid.  Your attorney will know which documents you need to submit to the IRS to prove your financial situation.

Contact a Tax Attorney

If you need a payment plan to repay your tax debt, call Ayar Law at 800.571.7175 to receive free, no-obligation tax advice from an experienced tax attorney.

Executive Summary:

  • A tax attorney can negotiate a tax plan on your behalf by working with the IRS and providing the needed documentation
  • If the IRS accepts your request for a payment plan, a tax attorney can advise you on which plan is best for you
  • If you cannot afford to pay back your taxes, a tax attorney can request an Offer in Compromise from the IRS on your behalf
  • Contact Ayar Law to get free, no-obligation legal advice at 800.571.7175

Venar Ayar, Esq.

Venar Ayar, Esq.

Attorney-at-Law, Master of Laws in Taxation
Principal and founder, Ayar Law

Venar is an award-winning tax attorney ranked as a Top Lawyer in the field of Tax Law. Mr. Ayar has a Master of Laws in Taxation – the highest degree available in tax, held by only a small number of the country’s attorneys.