An installment agreement is an agreement between the IRS and the taxpayer to pay down an existing debt in smaller, more manageable amounts, over time. The agreement keeps the IRS from levying as long as the payments are being made in full and on time. Without an agreement, the IRS may take all but a small amount of your paycheck. They could also levy bank accounts and file tax liens on all of your assets including your home. Taxpayers must be in compliance with certain tax obligations (filing, federal tax deposits, withholding, etc.) before an installment agreement can be established.  It is important to note that penalties and interest continue to accrue throughout the life of the agreement.

We will immediately secure a hold on all collection activity. Then, based on your budget, we’ll design a Payment Plan (also known as an Installment Agreement) you’re comfortable with and negotiate with the taxing authorities on your behalf.

Negotiating payment plans is our specialty. We’ll do what it takes to help you stay current on all your tax obligations well into the future.

Imagine lowering your tax debt to a fraction of what you owe. If you have little or no assets and a small amount of cash flow relative to your debt, you may qualify for an Offer in Compromise. The amount that you pay is based on what you can afford, not what you owe!

This incredible opportunity could save you thousands of dollars if you’re eligible. Once we’re sure you meet the criteria, we’ll prepare, submit and negotiate your Offer in Compromise.

The Offer in Compromise program allows taxpayers to get a fresh start. All back tax liabilities are settled with the amount of the offer. All federal tax liens are released upon IRS acceptance of an Offer in Compromise and payment of the amount offered. Taxpayers can compromise all types of IRS taxes, penalties, and interest. Even payroll taxes can be compromised. If you qualify for this program you can save thousands of dollars in taxes, penalties, and interest.

Nothing strikes fear in the hearts of people more than receiving an IRS or State Audit letter in the mail. Audits take significant time away from your business and family, requiring you to gather mounds of records substantiating each and every item reported on your tax return and develop a comprehensive understanding of tax law.

You should not go before the IRS without representation any more than you should go to court without a lawyer. You see, IRS trains Auditors to extract more information from you than you have a legal obligation to provide. IRS Auditors know that most people fear them and are ignorant of their rights. As a result, they know they can use that fear and ignorance to their advantage. We know the right way to represent taxpayers under audit. We understand the implication of those “friendly inquiries” from auditors. There are red flags that may not be apparent to a taxpayer representing himself.

Ordinarily, if a taxpayer owes back taxes and penalties, the IRS will use any collection tactic at their disposal to get their money and will not let up until the debt has been paid or a payment plan has been arranged. However, if a taxpayer truly cannot afford to pay their tax debt and doing so would contribute to their economic hardship, the person can apply for Currently Not Collectible Status. This special temporary status does not forgive the debt but protects people dealing with major financial difficulties from potentially devastating collection methods like wage garnishment and levies. When the IRS agrees to consider your debt Currently Not Collectible, they won’t attempt to collect their money during this time period but the penalties and interest resulting from your tax debt will continue to grow.
The IRS forgives penalties on a case-by-case basis. Hayes Tax Relief knows how to make the case for you to fit within IRS guidelines if your circumstances support penalty abatement. Our team can usually get rid of all or the majority of your penalty if you have a reasonable cause argument or fit within other legally defined categories.