How to Achieve Tax Relief from IRS

The IRS has established a “Fresh Start” program to help taxpayers who are unable to pay their tax obligations in full. An installment agreement is a plan that will allow certain qualifying taxpayers the ability to pay their tax debt over time. In order to qualify, each of the following must be true: To apply for an installment agreement, first visit the IRS.gov website, and then follow the links to “Payments” and “Online Payment Agreement.” Once there, review the list of information that you will need to enter in order to submit an application: If you wish to enter into an Online Payment Agreement, you begin by determining what you can pay, and how soon you can pay off the debt. You need to consider this step carefully and choose a plan that you will be able to pay. If you select the 60 day or 120 day option, you will be given a specific date by which your full payment is due. You will also receive a warning that failure to pay by that date may result in tax liens or other legal action. Confirm your payment plan. Whichever plan you establish, you will be prompted to review the details of the plan and confirm that you will comply. Before confirming, make sure that you will be able to make the payments and meet the due date. If you fail to do comply with the plan you propose, the IRS will have the power to assess additional interest or penalties, or levy tax liens on your property. If you are successful in paying off your debt, then additional interest assessments will be over.