| When you Owe the IRS, it's easy to Pay Back IRS | | | | Affordable Payment Plan: This is aimed at those who |
| Taxes if you are aware of all of your options. You | | | | Owe the IRS and want an "affordable" monthly |
| can get your economic affairs back on track with an | | | | payment. Keep in mind that there may be a huge |
| IRS Debt-Settlement plan. Though they may not be | | | | difference between what the IRS deems "affordable" |
| common knowledge, these tax debt relief programs | | | | and what you deem "affordable." |
| are available to everyone and are provided by the IRS. | | | | Affordable Settlement Plan: If you owe Back IRS |
| Below are just a few IRS Debt Settlement programs | | | | Taxes but do not qualify for an Offer in Compromise |
| that can help you Pay Back IRS Taxes when you | | | | (discussed in detail in the following section), but still |
| Owe the IRS Money. | | | | want to settle for less than what you Owe the IRS, |
| Non-Disclosure Installment Agreement: This particular | | | | this IRS Debt Settlement plan may be for you. |
| option to pay Back IRS Taxes applies only to debts | | | | Asset Protection Plan: This plan is for individuals that |
| under $25,000, and you must agree to pay the full | | | | owe Back IRS Taxes and are primarily concerned |
| amount that you Owe the IRS. Under this plan, your | | | | about the IRS seizing certain assets, such as a house, |
| time period to Pay Back IRS Taxes is set up over a | | | | automobile, retirement funds, etc. |
| maximum of 5 years but cannot extend further than | | | | Offer in Compromise: An Offer in Compromise is not |
| the collections statute expiration. For example, if you | | | | an easy option to qualify for when you have Back IRS |
| Owe the IRS and there is only 1 month left under the | | | | Taxes. However, if you do qualify when you Owe the |
| statute of limitations, your time period to Pay Back IRS | | | | IRS money, it can potentially reduce your tax debt by |
| Taxes can be no longer than 1 month. Interest and | | | | tens or even hundreds of thousands of dollars. If the |
| penalties continue to accrue during your repayment | | | | IRS accepts your offer, you must pay the amount |
| period with this IRS Debt Settlement plan. You can, | | | | agreed upon within 30 to 90 days of that acceptance |
| however, pay above your installment amount and | | | | and remain 100% compliant for 5 years. This particular |
| have that extra payment amount applied directly to | | | | IRS Debt Settlement plan requires full financial |
| the principal on your Back IRS Taxes rather than to | | | | disclosure of your assets, income, and expenses. The |
| the interest. | | | | IRS compares your settlement offer to their |
| Another benefit of this IRS Debt Settlement Plan is | | | | calculations of what you are actually able to pay, |
| that all assets, income, and expenses (including | | | | based on the financial information you disclosed. This |
| spending habits) are protected and remain private. | | | | takes into account all assets and equity, even if you're |
| Without the need for financial disclosure, there is | | | | not able to access it. For this reason, unless you are |
| reduced paperwork, and your case to Pay Back IRS | | | | absolutely broke with no chance of being able to pay |
| Taxes can be completed within as little as two weeks. | | | | what you Owe the IRS, you will not qualify for this IRS |
| Partial Pay Installment Agreement: This IRS Debt | | | | Debt Settlement Plan. If you Owe the IRS, it's important |
| Settlement plan can apply to any size debt possible | | | | that you are fully informed of your IRS Debt |
| that you could Owe the IRS, unlike the Non-Disclosure | | | | Settlement options to pay Back IRS Taxes. Keep in |
| Agreement. It does, however, require financial | | | | mind that these are just a few of the payment options |
| disclosure, and your monthly payment to Pay Back | | | | that are available to you. Know your rights, be aware |
| IRS Taxes is based on this disclosure. The three types | | | | of your options, and get out of IRS tax-debt now. |
| of plans to this IRS Debt Settlement agreement are: | | | | |