Miami IRS Payment Plan
Tax Payment Options
Have you been financially unstable and haven’t been able to pay back your tax debt? Kerr Koncepts can help you with an IRS payment plan. The most important thing you must be aware of is that you will be not be incarcerated for not being able to pay your taxes so you should not cheat on your taxes or tricking your tax collectors. If you aren’t available to pay the debt taxes you owe there are payment options you are able to choose from. If you don’t want to get in trouble with the IRS, you need to make sure you know what to do and what not to do. What you should never do is ignore notices from the IRS, and you should know how to act when going to a tax collection interview. Another thing to remember is that the IRS cannot take things away from you unless they notify you.
IRS Payment Plan Options
As mentioned earlier, IRS has four payment plan options which are the hardship suspension, installment payment arrangement, bankruptcy, offer in compromise. The hardship suspension means the IRS will review your account to see if you’re able to pay, meanwhile the interest rate increases. With the installment payment arrangement, you are able to make monthly payments for three years until it is paid fully while the interest rates increases as well. Bankruptcy is another option, which can eliminate taxes through Chapter 7. Under other chapters, your tax debt can be paid monthly with very little or no interest at all. It is beneficial to contact a bankruptcy attorney to view this option and make sure it is the correct decision to make. And the last one is called offer in compromise which allows you to make a deal with the IRS to see if they accept a lesser amount than the one you owed, aside from that they’ll give you a fresh start.
Kerr Koncepts will be able to assist you in choosing the most convenient IRS payment plan to finish paying off your tax debt. Once you make your decision, you will relief your stress and stop worrying about owing taxes to the IRS.
Contact Kerr Koncepts to help you out with the IRS payment plan, make the right choice and get rid of your tax issues today!
At Kerr Koncepts Inc. we offer a variety of accounting and tax needs while offering our customers a strategic approach to achieving their business objectives. For further information about our services Call today at (305) 387 – 5880 or click here to make an appointment.