IRS Installment Plans
How This Circumstance Comes to Pass
If you could have paid the tax in the very beginning through your assets, the IRS would not be talking collection with you. Or, perhaps you had assets, but not enough to pay the bill. So, just like with a credit card, you must pay over time, out of your income. The IRS measures the amount that it thinks you can pay per month, and requires that you pay it, through the means of an installment plan.
Offers in Compromise
No matter what happens in your case, the IRS will judge how much you can pay through an installment plan. For instance, to make an offer in compromise, if you are lucky enough to make a good offer, you must know the amount that would be necessary to pay an installment plan. No matter where you go, you will have to first go through this step.
It All Begins With a Financial Statement
You must use the IRS form, 433, to provide a financial statement. Not only do you fill out the form, but you also must provide your last three months of checks, charges, and receipts. The form and instructions are available from the IRS. While you can complete this form on your own, I counsel you with respect to how you present the facts, so that I can get you a lower monthly payment amount.
From the IRS calculation of your income, they deduct the amount of your living expenses that they will allow. You can see their standard allowances for some categories of expenses, at irs.gov. Put “collection financial standards” into the search function. I work for you to maximize the amount of your allowed expenses, so that your monthly payment can be lower.
I consider my job to be preserving your current lifestyle, as much as possible.
In some situations, I can persuade the IRS to accept a favorable amount of monthly payment, despite the amount that they have calculated as your standard monthly payment. When I am able to do this, I have really preserved your lifestyle.
As a highly experienced and accomplished tax litigation attorney, I have helped many people and businesses through my negotiations with the IRS.
Your Spokesman Before the IRS
My clients do not deal directly with the IRS. I take over all necessary communications on their behalf before the IRS, where many agents and staff know me by name because of my past contacts with them or by means of my reputation. I know how to interact with them, which is very important.
I take no assumed facts at face value. I investigate everything – for example, by examining whether you did, in fact, owe that much money. On rare occasions I discover that, due to a mistake on the part of the IRS or from you, the actual amount owed is less. Or, I am able to identify that filing new tax returns for you will reduce the liability.
I have been handling tax collection cases for thirty years. The quality of my work as a lawyer is well recognized by my clients & I have received the AV rating* under Martindale-Hubbell’s peer review rating system. My clients are predominantly from Austin and Central Texas, and occasionally from other states. Contact me at 512.457.1177 to discuss your situation and schedule an appointment.
*AV, BV and CV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.
Martindale-Hubbell is the facilitator of a peer review rating process. Ratings reflect the confidential opinions of members of the Bar and the Judiciary. Martindale-Hubbell Ratings fall into two categories - legal ability and general ethical standards.