What is an IRS Guaranteed Installment Agreement?


by Joe Valinho on March 23, 2021  0 Comment

What is an IRS Guaranteed Installment Agreement?
Installment Agreements are the most popular IRS tax debt resolution plans. There are a variety of Installment Agreements that the IRS offers, including Guaranteed Installment Agreements, Streamlined Installment Agreements, Non-Streamlined Installment Agreements, and Partial Payment Installment Agreements. Each payment plan has specific qualifying factors. In a Guaranteed Installment Agreement, you can pay your tax debt in monthly installments if you owe $10,000 or less in tax debt. What is a Guaranteed Installment Agreement? A Guaranteed Installment Agreement is an IRS tax debt payment plan which allows payment of full tax debt in installments within 36 months. You can only qualify for it if your tax debt is $10,000 or less. When calculating the total tax debt in order to qualify, ...

What is an IRS Streamlined Installment Agreement


by Joe Valinho on March 09, 2021  0 Comment

What is an IRS Streamlined Installment Agreement
What is an IRS Streamlined Installment Agreement? If you owe back taxes, you have the option of paying the full amount you owe in installments. Most taxpayers qualify for an installment agreement because it has simple qualifying criteria. If you have the ability to pay your full back tax amount, then installment agreements can be the right choice for you. A Streamlined Installment Agreement is a type of installment agreement where you pay your tax debt within 72 months if you owe less than $50,000 in back taxes. How to Qualify for a Streamlined Installment Agreement A Streamlined Installment Agreement is only for those taxpayers that owe $50,000 or less in back taxes. You can calculate the total amount of ...

How to Apply and Get an IRS Installment Agreement


by Joe Valinho on November 24, 2020  0 Comment

How to Apply and Get an IRS Installment Agreement
A large number of taxpayers choose an Installment Agreement payment plan to resolve their back taxes. This IRS plan allows you to pay your back taxes in monthly installments. If you cannot pay your full back taxes in a single lump-sum payment but can pay it back monthly, then an Installment Agreement may be the right plan for you. How Can I Qualify for an Installment Agreement? There are many types of Installment Agreements the IRS offers. These are:Guaranteed Installment Agreement Streamlined Installment Agreement Partial Payment Installment Agreement Non-Streamlined Installment AgreementEach type of Installment Agreement has their own qualifying factors that you need to meet to enter the agreement. Along with these basic requirements, there may be certain ...