IRS Business Installment Agreements The U.S. government gets most of its money from individual income taxes. However, businesses large and small also pay billions in excise, payroll, and other taxes. If these organizations fall behind on their tax payments, relief may be available in the form of an IRS business installment agreement. Read on to… Read more »
If you’re having tax problems
Category: payment plans
Decisions, Decisions: Should I Pursue An OIC Or A PPIA? In very simple terms, a Partial Payment Installment Agreement (PPIA) requires you to give part of what you earn to the IRS, and an Offer in Compromise (OIC) requires you to give part of what you own to the IRS.
When Does an IRS Guaranteed Installment Agreement Makes Sense for You? Most wage-earners never have to worry about delinquent taxes. But most people are not just wage earners. In fact, according to one survey, over half of the workers in Michigan will be freelancers by 2017. Self-employment almost inevitably creates tax problems, so it’s important… Read more »
Available IRS Payment Plans Delinquent taxes, home mortgages, college tuition, DUI fines, and pretty much anything else can usually be reduced to monthly payments. In most cases, the moneylender unilaterally sets the payment terms and the other party can accept them or go elsewhere. But at least to some extent, IRS payment plans, work a… Read more »