Connecticut Tax Resolution Service

Installment Agreement

The Installment Agreement Is The Workhorse Of Tax Resolution

This May Not Be Your First Choice, But It May Be Your Best Option

Many times the taxpayer may not be able to pay off their tax debt at once today, but they do have enough disposable income each month to pay it all off over time.  That is the basis of the Installment Agreement (IA).

Is An Installment Agreement Right For You?

At the Connecticut Tax Resolution Service the first thing we do is prepare a complete analysis of your finances. This will tell us how much money remains (using IRS standards) at the end of each month after all your bills are paid. This is your Reasonable Collection Potential (RCP). If you do not qualify for an Offer In Compromise or Currently Not Collectible status, the IA may be your best option.

IAs Come In Many Different Shapes And Sizes

There is an IA for taxpayers owing under $10,000.  There is one for those owing up to $50,000. One for those owing up to $250,000. There is an IA for businesses still in operation and one for businesses no longer in operation. There is even a Partial Pay IA. You will make a monthly payment until the collection statute expires, but will not fully pay off the tax debt.

Is the Installment Agreement The Answer To Your IRS Problem?

Contact the Connecticut Tax Resolution Service.  We will prepare a full financial analysis to see what options are available to you.

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