If you owe the IRS money, you may not know where to turn, especially if you have been assessed a tax liability that you cannot handle or pay. Sometimes, you may owe more money than what you have on hand and in these situations, you may feel strapped. The IRS is legally able to force you to comply and pay the amount of tax you owe.
If you do not, they can seize your property, levy your bank account, and take further actions to make sure you pay. If you are interested in an affordable Installment agreement in CA, now is the time to call Leading Tax Group We will work with you to help you obtain an affordable Installment agreement for your owed taxes.
When you decide that an installment agreement is for you, there are four main options, which allows you to choose the one that is most affordable.
The following options are available to you:1. Pay Now
This is an option that allows you to pay all of your tax debt in one payment. You will incur no additional fees for this agreement, but all money must be paid at the time of payment.
2. Short-Term Payment Agreement
This option allows you to pay your debt over a 120-day or less period. You do not incur any additional fees to setup this agreement, but all money must be paid within the stated timeframe.
3. Long-Term Payment Agreement Direct Debit
This option allows you to pay your tax debt over a period of more than 120 days. You will need to pay a setup fee ranging from $31 to $107 depending on the method you choose.
4. Long-Term Payment Agreement
This option allows you to pay your tax debt over 120 days. This is not a direct debit option like the one above and requires a $149 to $225 fee to setup depending on the method in which you apply.
If you would like to discuss an affordable Installment agreement for your tax debt, call the tax professionals at Leading Tax GroupLeading Tax Group. We will work with you and provide you with the help you need in choosing the best plan.