Installment Agreements (IA)
Our Chicago Tax Lawyer Can Help You Navigate Your Challenges with the IRS
The IRS recognizes two types of tax payers as they seek out Installment Agreements: those with less than $10,000 in liability, and those with more than $10,000 in liability. At Attorneys Tax Relief, LLC, our skilled team can help you to better understand your circumstances and the options available to you.
Our dedicated IRS attorney in Chicago is proud to serve clients nationwide. Call us at (800) 261-6671 today to learn more!
Requesting an IA
- File form 9465, “installment agreement request”
- Interest and penalties continue to accrue
- Calculate income and expenses just like in an OIC
- IA request must be the amount of excess income
- Expenses may not be followed as closely as in an OIC, particularly if the IA will pay the liability off quickly
For IA requests under $10,000, guaranteed acceptance if:
- During the past 5 years, all returns filed timely;
- IRS determines that you cannot pay tax owed in full when it is due and you provide IRS with requested information;
- You agree to pay within 3 years and comply with tax laws while IA is in effect.
Chicago Taxation Lawyers
Tax issues can be a challenge for the layman. If you run into some trouble, that is the best time to bring in a Chicago taxation lawyer, who has years of experience dealing with similar situations to your current one. These lawyers have the background, the education and the confidence to get you through a potentially difficult area when it comes to handling tax issues.
Schedule your consultation by calling us at (800) 261-6671 today.
