When it comes to installment agreements with the IRS or the Franchise Tax Board, no two cases are alike. An installment agreement is the best option for people who are unable to pay their back taxes in one full installment, but have the means to pay some or all of their tax debt over time. Sometimes a financial statement is required to help determine how much the taxpayer can afford on a monthly basis. Other times, they will agree to a payment based on how much is owed without regard to one’s ability to pay.
The government can also require a large down payment before they will even agree to a payment plan. Since the government begins with the assumption that the taxpayer can pay in full, it is up to the taxpayer to prove otherwise. No matter your situation, taxpayers with a significant amount of cash or equity in assets can have a difficult time getting an approved installment agreement. With tax relief help in Sacramento and Modesto, our skilled attorneys will always negotiate to seek the lowest possible payment for you so you will be able to meet your other financial obligations without worry.