A streamlined installment agreement may be available if the amount of your IRS liability is less than certain thresholds namely less than $25,000.00 or less then $50,000.00. If the liability is less than these thresholds, the IRS may not demand the filing of financial statements and we can negotiate an installment agreement for up to five or seven years. If you are eligible for a streamlined installment agreement, we can save both time and money to attempt to resolve your tax liability.
As with any contract, you must comply with the terms and conditions of the installment agreement. If you fulfill your obligations under the installment agreement, the IRS will take no enforced collection action against you. You will also enjoy a final resolution to your tax problems.
Patrick T. Sheehan & Associates, Attorneys at Law, P.C. has successfully negotiated thousands installment agreements with the IRS since its inception in 1991. If you would like us to help you negotiate an IRS installment agreement where you make affordable monthly payments to the IRS, please call us. We can help. Call Us Before the IRS Calls You!®