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Clear Your Debts by Using Simple and Fast IRS Payment Plans

Author: Irs Tax Debt Solutions
by Irs Tax Debt Solutions
Posted: Nov 12, 2019

As a citizen, if you owe the internal revenue service or have an IRS Problem, the best solution is to try an IRS income tax Payment Plan. An IRS Payment-Plan will remove your Problem by reducing the amount you owe and preventing a Levy. It's not easy to select the best IRS Payment-Plan if your due payment is more, however, if the debt is less than or equal to $1000 then you are automatically eligible to pay off your debts in a monthly form. In that case, you have to pay the overdue amount within 36 months without failing in any of the months. There are many websites that are offering numerous packages which you can choose according to your standard.

  • With an installment agreement, the IRS will allow you monthly incremental payments to the IRS to pay back the amount owed plus interest and penalties. Installment agreements are fairly easy to obtain. To apply for one you can either fill out IRS form 9465 or go to the IRS website and fill out the online payment agreement application. To qualify for this type of agreement you must be able to maintain a minimum monthly payment to the IRS. If you cannot pay the IRS in full, an
IRS income tax payment plan is always a very safe bet. Once it is set up, you are then in good standing with the IRS and no collection actions can be taken against you unless you default on a payment. If you owe more than 25K in back taxes there are chances that IRS would be more hesitant in setting up a payment plan with you, which is why the best option is to consult a tax professional.

  • People opt for IRS payment plan as it offers several advantages for taxpayers. Firstly, the plan allows the defaulted person to pay on their back tax debt over a longer period of time that is an easy monthly system. This will be beneficial for them as they don’t have to come up with a large lump sum payment at once, which is why so many people sign up for, easy repayment plans since it makes it easier for them to keep up with their other bills and expenditure. Moreover, the interest rate is also not much high so as to a middle class person it can easier for you to pay the over dues.
  • IRS has offered this payment plan for hassle-free submission of back taxes to the US citizens. You can pay the money through installments by using two simple methods such as direct debit from the saving or salary account or by using the direct payroll deduction method. In other words, the bank can automatically debit your account for the specific IRS monthly payment or you can also sign a payroll deduction agreement with your employer by using form 219 to allow your employer to send payments to IRS every month. Both options are great and can be chosen without any hesitation.
About the Author

Contact Irs Tax Debt Solutions for Irs Tax Debt Help to settle taxes debt Irs. We provide Irs income tax payment plan forms to settle unpaid Irs taxes.

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Author: Irs Tax Debt Solutions

Irs Tax Debt Solutions

Member since: Aug 26, 2019
Published articles: 6

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