How long does it take for the IRS to seize property
An Installment Agreement can be a payment plan provided by the Fresh Start Program. It allows taxpayers the ability to pay a fixed monthly amount to the IRS. These payments directly go to the taxpayer’s overall tax debt and are continued until the debt is fully paid. An installment plan will stop you from being subject to IRS collection letters and penalties. This plan is a great option to show the IRS that you are serious about resolving your debt. Unfortunately, the IRS may continue to charge interest on your total debt regardless of whether the amount you are required by the Fresh Start Program has changed. Due to the IRS's ability to include interest in your outstanding balance amount, you could end up paying much more than you originally owed. Installment Agreements are a valid form for Fresh Start tax relief. But, it's difficult to negotiate with the IRS for reasonable monthly payments. A professional tax relief company can help you make smaller monthly payments.
Another ground is "doubt about liability", which is a less common one. This form must be filed by taxpayers who wish to pursue it. This offer is made on the basis of doubts about whether the tax liability has been correctly assessed. This is a more unusual and difficult route to take.
Ideal Tax is a full service Tax Resolution firm that can handle almost any IRS or State Tax Issue. Our team is on hand to provide answers for clients impacted by garnishments, bank levies, liens and other challenges.