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If you owe back taxes, or simply can’t afford to pay what you currently owe, one potential resolution is to work out an Installment Agreement with the IRS. An Installment Agreement is a negotiated payment plan with the IRS whereby you pay down your liabilities over the course of time, while allowing you to afford to pay your other living expenses.
If you owe taxes to the IRS and can’t afford to pay them, don’t ignore the problem and hope it will go away. The IRS is persistent and if their initial attempts to resolve the matter are unsuccessful, they can enact punishing collection enforcement proceedings such as Wage Garnishment, Bank Levies, and Federal Tax Liens. An Installment Agreement can get the IRS off your back and allow you to resolve your tax problems in an agreeable manner.
With the tax relief services from the Law Office of Michael T Heider, we can help you to resolve your tax liabilities by preparing an Installment Agreement or an Offer in Compromise.