If you just need to get on an Installment Agreement with the IRS, we can easily assist you with that and we will also see if you qualify for a First Time Penalty Abatement. Both the Installment Agreement and First Time Penalty Abatement are part of the IRS Fresh Start Program.
You must be compliant to get any type of resolution with the IRS. This means all of your taxes have been filed up to the current year which is 2024. If you are compliant, we can get you an Installment Agreement right away and at this point, you will be protected from any collections from the IRS.
The IRS allows you up to 6 years/72 months to pay your total tax liability. They will tell us how much you will pay per month with interest and penalties included. Since it is accruing interest and penalties on a DAILY basis, we suggest you pay more than the monthly minimum to decrease the amount that you pay overall. Similar to a mortgage or credit card, the more you pay every month, the less you pay overall.


