Streamlined Installment Agreements
- Pay off your tax balance in full within 6 years or 72 months. The IRS will not charge any setup fees or penalties.
- Low monthly payments based on what you can afford. Payments as low as $100/month to fit your budget.
- One consolidated agreement for all your outstanding tax years. Simple and straightforward.
- We simplify the application process. Provide financial details for evaluation and we take care of the rest.
- Protection from IRS collection efforts. As long as you pay on time, the IRS will not garnish your wages or seize assets.
Don’t wait and allow interest and penalties to build. Get on the path to tax freedom today with our Streamlined Installment Agreement service. Our tax professionals handle all the paperwork and negotiations so you can sleep easy knowing your taxes are finally under control.
As you work to improve your financial situation and resolve your IRS tax issues, the last thing you need is a complicated repayment plan to follow.
The good news is that you can engage in a streamlined installment agreement ( IRS Form 433-d ) to make repaying your tax debt more manageable.
Eligibility Criteria for Streamlined Installment Agreements:
| Eligibility Criteria | Details |
|---|---|
| Total Amount Owed | The taxpayer must owe less than $50,000 in tax, penalties, and interest. |
| Repayment Period | The taxpayer must be able to pay off the balance within 72 months (6 years) or by the collection statute expiration date. |
| Tax Return Status | All required tax returns (usually for the past six years) must have been filed. |
| Past/Current Installment Agreement | The taxpayer should not currently be on an installment agreement with the IRS. Also, the taxpayer cannot have entered into an IA in the past five years. |
| Amount Above $50,000 | If the taxpayer owes over $50,000, it is advised to pay the balance down to $50,000 to qualify for a streamlined installment agreement and avoid a tax lien. |
Reasons for Denial of Streamlined Installment Agreements:
| Denial Criteria | Details |
|---|---|
| Unnecessary Expenses | The IRS may reject an installment agreement if they believe that the taxpayer has unnecessary expenses, such as high car payments, large credit card payments, private school tuition, or charitable contributions. |
| Total Amount Owed | The IRS may reject an installment agreement if over $50,000+ is owed. Another program may have to be looked at. In this case, contact our tax attorneys to help you determine what the best path forward is. |
Is A Streamlined Installment Agreement Right For You? Find Out Today.
No matter where you are in the process, we can help you make the best of your situation. An experienced tax defense lawyer at Silver Tax Group can help make this option viable. We offer tax defense representation from a team that combines more than 40 years of experience in this complex area of law.
An Installment Agreement Can Help You Pay Off Tax Debt
At Silver Tax Group, we’re not just tax experts.We’re your advocates, your allies, your partners in navigating the complex world of taxes.Our reputation speaks for itself – we’ve helped countless individuals and businesses overcome their tax challenges with our expertise and dedication.
If you have income that is pretty consistent from month to month, we can negotiate an installment agreement that will allow you to pay off your debt without creating hardship on your business or family.
The advantage of a streamlined installment agreement when compared to a non-streamlined installment agreement is that the streamlined installment agreement will allow up to 72 months to pay off your tax debts, making your consistent disposable income work for you.
Is a streamlined installment agreement right for you? Do you qualify?
Contact Silver Tax Group today to schedule a free case evaluation with a proven tax defense lawyer.We provide tailored legal representation to individuals and businesses throughout the United States.
What is a Streamlined Installment Agreement?
According to the IRS, a streamlined installment agreement is a payment plan option for taxpayers who owe less than $50,000 in taxes, penalties, and interest and can pay off their balance within 72 months (6 years). It does not require a financial statement or substantiation of expenses and is relatively easy to apply for online. However, interest and penalties will continue to accrue until the balance is paid in full.
5 Benefits of a Streamlined Installment Agreement
Streamlined Installment Agreements offer a host of benefits. They allow you to spread out your tax debt over a period of time, making payments more manageable and less intimidating. Plus, they can save you from the severe penalties that come with late or missed payments. Here’s a full list benefits of a streamlined installment agreement with the IRS:
- Ease of application:Our tax attorneys can easily apply for a streamlined installment agreement on your behalf.
- Flexibility:The payment plan allows taxpayers to make monthly payments over a period of up to 72 months, making it easier to manage their finances.
- Stress reduction:By setting up a payment plan, taxpayers can avoid the stress and consequences of not paying their taxes on time, which can include interest and penalties.
- Avoidance of collection actions:The IRS will not take collection actions as long as the taxpayer is making payments as agreed upon in the installment agreement.
- Protection of assets:By entering into a payment plan, taxpayers can protect their assets from seizure by the IRS.
Overall, the streamlined installment agreement can be beneficial for those who want to pay off their tax debt but may not have the financial means to pay it in full at once.
So, why wait? Take control of your tax situation today. Choose the Streamlined Installment Agreements service at SilverTaxGroup.com and start your journey towards a stress-free tax experience. Contact us now and let us guide you through the process.
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