Copyright 2011 Tax Settlements, Inc., Salt Lake City, UT (801) 233-1040 All rights reserved.
Ignoring IRS tax debt is one of the worst
things you can do. Penalties and interest
will continue to accrue and the IRS has the
authority to seize your assets. Among the
various assets the IRS can seize are bank
accounts, investment accounts, equipment,
accounts receivable, property, and other
sources of income including wages. Before
your debt becomes unmanageable and out
of control an IRS payment plan may be your
best option.
Short-term Payment Extension
If you are able to pay the tax due within 120 days, you can file for a
short-term extension. A short-term extension gives you up to 120
days to pay the taxes due. No fee is charged, but the late-payment
penalty plus interest will apply.
Monthly Payment Plan
If you need more than 120 days to pay the taxes due, we suggest that you seek the advice of a tax settlement
professional. They will assist you in establishing an IRS Payment Plan, also known as an Installment Agreement. An
Installment Agreement gives you more time to pay your tax liability and will control any compounding penalties or
interest. There are several variables involved to establish an IRS payment plan. We strongly suggest that you seek
the advice of a professional who specializes in tax relief.
Is your existing payment plan causing you financial hardship?
Due to the recent economic downturn, several people are unable to make the minimum amount due towards their
IRS tax debt. Our professionals specialize in tax relief and will diligently work with the IRS to restructure your
existing payment plan to make it more affordable.
Get the personalized tax settlement assistance you need and deserve
Tax Settlements Inc. offers a FREE consultation and evaluation to review your tax debt relief options. During your
consultation, we will present several workable options to help resolve your tax debt, and assign you a personal tax
relief professional. Your tax relief professional will be your singular point of contact from start to finish. They will
work with you every step of the way to patiently bring your tax debt burden to a close.
At Tax Settlements, Inc. you won’t get the run around, your call won’t be transferred to various individuals. You will
always know the status of your case. You will always receive prompt and courteous service. Schedule your free
phone consultation with Tax Settlements, Inc. Free in-person consultations are also available in our Salt Lake City
office.
Resources:
Raymond L. Warner
Certified Public Accountant
