IRS payment plans are a much better way to deal with the IRS than a lien on hour land or levies against your wages or bank accounts. First, they give you piece of mind – a form of insurance – that you will not be getting surprised by IRS collection tactics. Second, if set up properly, they can allow you to pay back your old tax debt at a rate comfortable for you, and if you want, you’ll have the flexibility to pay more on a monthly basis to pay your taxes more quickly.
Anybody can supply the IRS with pay stub copies and profit and loss statements to verify the income for a payment plan. However, there sometimes is a skill to calculating the income so that it is not over estimated by the IRS, thus creating a larger payment plan that you can afford. I am familiar with the IRS requirements for establishing monthly income amounts, and can help make sure the IRS does not over estimate you actual.
Everyone has expenses in their lives that are allowable for establishing IRS payment plans. The IRS wants to disallow or limit certain expenses, because the lower your expenses are, the more your monthly payment plan to them will be. However, I can help you with the following:
- I will make sure all of your allowable expense are listed
- I will make sure that allowable expenses are listed in the correct amount.
A PAYMENT PLAN I ASSIST YOU WITH WILL BE THE LOWEST ATTAINABLE BY LAW. PLEASE CONTACT ME SO THAT I CAN HELP.
MICHAEL M. NOYES
A PROFESSIONAL LAW CORPORATION
1873 S. BELLAIRE ST. #1200
DENVER, CO 80222