| An installment agreement (IA), also known as a | | | | the IRS every month without you having to do |
| payment plan, is something to look into if you are trying | | | | anything such as writing a check, mailing it, etc |
| to find tax relief. The Internal Revenue Service is more | | | | If you are not interested in the direct debit option, that |
| than happy to offer you an IA if it means that they are | | | | is fine but the IRS will charge you a $105 setup fee. |
| going to get the money you owe. In many cases this is | | | | Once you find out how much you owe the IRS you |
| the best option for you, the taxpayer, and the IRS. You | | | | can file Form 9465 to setup your IA. You can even |
| are finding a way to pay what you owe, and the IRS | | | | choose the day that you want your payment to be |
| is finally getting their money. | | | | due each month along with the amount that you feel |
| Fortunately, tax relief through this IRS payment plan is | | | | comfortable sending. |
| an easy process. Unlike an offer in compromise you | | | | Within 30 days of filing Form 9465 you will receive a |
| will definitely be able to setup a payment schedule if | | | | response from the IRS. Once your installment |
| you know what steps to take. In other words, don't | | | | agreement goes into effect it is important to pay on |
| expect the IRS to tell you no. They understand that | | | | time every month. You don't want the IRS to cancel |
| many people do not have enough money to pay a | | | | this agreement and seek to collect funds in another |
| cash lump sum. | | | | way. |
| If you are interested in an agreement to pay the IRS in | | | | Tax relief through an installment agreement can be a |
| installments, you will be asked to pay a one time setup | | | | difficult process. Many taxpayers feel that it is easier |
| fee of $52. This allows your payments to be deducted | | | | to make monthly payments than to send all the money |
| directly from your bank account. This is a great idea | | | | at once. |
| because it ensures that the money makes its way to | | | | |