Delays in payment can lead to the accrual of damaging penalties and interest, making it difficult to impossible for you to get on top of your tax debt. Our goal is to help get your life back on track and relieve you of the burden of overwhelming tax debt. We have over 25 years of experience in this field and can leverage our knowledge to deliver the relief that you need. If you are struggling to pay a large tax bill, call or contact Podium Tax Relief online to learn more about how installment agreement plans can help.
At Podium Tax Relief , we strive to make tax relief as efficient, painless, and straightforward as possible. We want you to understand our approach without overwhelming you with details. Scroll down to learn about short-term payment plans and offer in compromise. We serve clients nationwide. Schedule your free initial consultation today with our tax experts by calling or contacting us online.
Our team can also help you negotiate an Offer in Compromise , which allows qualifying beneficiaries to settle their debts with the IRS for significantly less than they originally owed.
We work with the IRS to determine an offer amount that is in line with your ability to pay. The negotiated offer amount can be paid in one of two ways. At Podium Tax Relief, we will always be clear about the options available to you and will work to get you relief as efficiently as possible. Installment Agreement. On the sample check, the routing number is Instead, contact your financial institution for the correct routing number. The account number can be up to 17 characters both numbers and letters.
Include hyphens but omit spaces and special symbols. Enter the number from left to right and leave any unused boxes blank. On the sample check, later, the account number is Please click here for the text description of the image. The routing and account numbers may be in different places on your check. Low-income taxpayers who are unable to make electronic payments through a DDIA by providing their information on lines 13a and 13b are eligible to receive reimbursement of their installment agreement user fees.
As such, your user fee is not eligible for reimbursement upon completion of your installment agreement. If you want to make your payments by payroll deduction, check the box on line 14 and attach a completed and signed Form Complete lines 21 and 22 relating to income earned by your spouse if you are married and meet either of the following conditions.
You live with and share household expenses with your spouse. You live in a community property state. Our legal right to ask for the information on this form is sections , , a , , and and their regulations. We will use the information to process your request for an installment agreement.
The reason we need your name and social security number is to secure proper identification. We require this information to gain access to the tax information in our files and properly respond to your request. Failure to provide this information may prevent processing your request; providing false information may subject you to fines or penalties.
Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by section However, we may give this information to the Department of Justice for civil and criminal litigation, and to cities, states, the District of Columbia, and U.
We may also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism. The average time and expenses required to complete and file this form will vary depending on individual circumstances. For the estimated averages, see the instructions for your income tax return.
If you have suggestions for making this form simpler, we would be happy to hear from you. See the instructions for your income tax return. Reminder Reduced user fees for certain installment agreements. Apply online at reduced fee. General Instructions Purpose of Form Guaranteed installment agreement.
Can you pay in full within days? Bankruptcy or offer-in-compromise. How the Installment Agreement Works Installment agreement user fees. Reduced installment agreement user fee.
User fee waivers and reimbursements. Definition of low-income taxpayer. Other costs. Payment methods. Requests to modify or terminate an installment agreement. IRS collection process and taxpayer rights. Line 13b. Line 13c. September Section references are to the Internal Revenue Code unless otherwise noted. Instructions for Form - Introductory Material. Reduced user fees for certain installment agreements. General Instructions.
You can pay the full amount you owe within days if you plan to pay the taxes, interest and penalties due in full within days, you can save the cost of the set up fee—see Can you pay in full within days , later ; You want to request a payment plan online, including an installment agreement see Applying online for an installment agreement and other payment plans , later ; or Your business is still operating and owes employment or unemployment taxes. Guaranteed installment agreement.
Installment agreement user fees. For all taxpayers except those filing Form or SR with Schedule s C, E, or F for any tax year for which this installment agreement is being requested IF you live in.
THEN use this address. For all taxpayers living outside the 50 states, for any tax year for which the installment agreement is being requested IF you live in. Specific Instructions. Line 13a. Sample Check—Lines 13a and 13b. Sample check — lines 13a and 13b. Instructions for Form - Notices. Page Last Reviewed or Updated: Oct Share Facebook Twitter Linkedin Print.
Payment Method. One such option for tax debt relief is an installment agreement. Is an installment agreement right for you? Find out by calling or continue reading for more information on this key form of tax relief. An installment agreement is a contract between you and the IRS to pay back your debt in monthly payments, much like monthly payments for other forms of debt like credit cards or loans.
Installment agreements will allow you to repay your debt over time and make your finances much more manageable. Installment agreements are a good choice for people who do not meet the requirements for other tax debt relief options like an offer in compromise. This agreement will require you to pay off your debt in monthly payments over the course of 60 months or less. Your Utah tax attorney can help you fill out the required forms and submit them to the proper IRS departments.
You will also have to submit all future tax returns on time to qualify for a streamlined installment agreement. If you are unable to pay the minimum payments for a standard or streamlined installment agreement, a partial payment installment agreement may be a better choice.
Required payments for partial payment installment agreements are based on your income and not just on how much you owe. A partial payment installment agreement will take longer to pay off your debt and is more complicated to file with the IRS but may be a good choice if your income is low.
Form F includes information on your monthly income as well as your living expenses and other financial information. Submitting a Form F requires supporting documents to validate your claims including paystubs and bank statements. If your petition for a partial payment installment agreement is approved, the IRS will review your financial situation every two years to determine whether your financial circumstances have changed.
Pearson Butler can help you sort out the complicated and stressful process of negotiating a non-streamlined installment agreement. This number is your monthly payment and will include total interest and penalties that you have accrued.
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