IRS Installment Agreements
Dedicated Support from Our Memphis Attorney
Few things in life are more stressful than receiving an enormous tax bill from the IRS. As a federal agency, the IRS is perhaps the most intimidating debt collector you may ever face. With the right support, however, you can fulfill your tax obligations without experiencing any legal trouble or paying more than you need to.
At Napoleon Law Firm, PLLC, our founding attorney is rigorously trained in three major areas: tax, business administration, and law. This powerful combination strengthens his counsel and representation for clients facing a wide range of legal and financial challenges. If you owe the IRS more than you can pay, we may be able to help you arrange an installment agreement or utilize another tax-relief strategy. No matter how simple or complex your issue may be, we can take as much time as necessary to develop the customized legal and financial plan you need.
The Streamlined Installment Agreement
If you qualify, you may benefit from an efficient process called the streamlined installment agreement, which doesn’t require you to verify your assets, liabilities, income, or expenses via a collection information statement.
You may qualify for a streamlined installment agreement if:
- You owe $50,000 or less (including pre-assessed taxes and assessed penalties and interest, but not accrued penalty or interest); and
- You can pay everything you owe in six years (or by the collection statute expiration date, which is when the tax becomes uncollectable).
Under a streamlined installment agreement, your minimum monthly payment will be the total balance divided by 72.
If you owe too much, consider making a payment that reduces the balance to $50,000 or lower so you can qualify for a streamlined installment agreement. If you can manage this, you can likely avoid issues like tax liens that typically come with alternative payment arrangements. Keep in mind, however, that an IRS official may use their discretion when deciding whether to place a lien on your property.
What Our Attorney Can Do for You
If you need an attorney who can consider every facet of your legal and financial matter, look no further than Napoleon Law Firm, PLLC. With years of experience handling a range of tax-related matters, Attorney Yancey knows what the IRS will and will not accept in terms of an installment agreement proposal. He also has extensive experience providing businesses with comprehensive financial advisement.
In short, Attorney Yancey is deeply passionate about using his focused knowledge to develop the tax-relief strategy you need. Whether our law firm helps you obtain a streamlined installment agreement or another type of relief, you can trust us to work with the sense of urgency and close attention to detail you require. Furthermore, if you find yourself facing a dispute with the IRS, we will not hesitate to provide tenacious and skillful litigation services.
Call For a Free Consultation
100% free consultation where we get to know the ins and outs of your unique case to have a clear understanding of your situation and figure out the best way to tackle your tax problems.
Investigation & Strategy
We will prepare any required documents necessary for resolving your case. Once we have developed a plan of action, we will review it with you in detail so you understand the tax relief options you qualify for.
Finally, No More Tax Problems
The final phase for your case is to put our plan into action and resolve your case. We negotiate the best possible resolution that permanently relieves your IRS troubles and close out your legal case.
Zeal and Relentless Energy to Fight for Your Rights
Negotiate With the IRS for Tax Resolutions on Your Behalf
Experienced Attorney with an Advanced Tax Degree
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