Tax Debt Installment Agreement – Keep The Tax Man Away…

tax relief installment agreement

Last Updated on July 11, 2019 by Nexus Financial

A Tax Debt Installment Agreement is a debt relief program that allows taxpayers to pay off their Internal Revenue Service tax debt over time. The Installment Agreement permits a taxpayer to pay off his/her tax balance over time

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, but with stringent qualification and payment requirements. However, because interest and penalties will apply, the IRS encourages taxpayers to pay taxes immediately as interest and penalties can equal 8% to 10% per year. Read more…

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