Installment Agreements: Income Tax Problems and Solutions in Stamford

With the high cost of living in Fairfield County and the overall economic downturn of the past years, many hardworking families face overwhelming tax debt problems that require the assistance of a tax debt professional and the relief provided by an affordable repayment arrangement. All State and Federal tax problems require a proper analysis of:

 

  • Assets available for collection
  • Income available for collection

Any proper installment plan requires the submission of State or Federal forms examining available equity in assets, along with available income and "reasonable" expenses.

At the Law Offices of Neil Crane, we've been solving tax and financial problems throughout Fairfield County since 1983.

INSTALLMENT TAX AGREEMENTS AND SOLUTIONS

Since delinquent taxpayers rarely have the assets or cash available to solve State or Federal tax problems through a lump sum payment, the State and Federal tax authorities both allow for repayment over time known as "Installment Agreements":

State Installment Agreements: The State of CT Department of Revenue Services lacks some of the clear cut statutory payment plans available with the IRS. This makes State tax installment solutions difficult but not impossible. All payment agreements are handled on a individual basis that varies with each taxpayer. Success with State Installment Agreements is fully available, but it often depends on obtaining the best possible professional assistance available.

Federal Installment Income Tax Agreements: The Internal Revenue Code provides strict and certain guidelines and criteria for the handling of overdue Federal income tax through a variety of avenues:

  • Guaranteed Installment Agreement
  • Streamlined Installment Agreements
  • Full Pay Installment Agreements
  • Partial Pay Installment Agreements

CALCULATING PROPER INSTALLMENT AGREEMENTS

Both State and Federal Installment Agreements require the best professional tax assistance available. At the Law Offices of Neil Crane, we've been utilizing the standards applied by State and Federal taxing authorities for over 30 years.

To learn more and obtain the best possible free review of your tax problems, seek our professional assistance. Call the Stamford income tax problems and solutions attorneys at the Law Offices of Neil Crane at 203-230-2233 or toll free at 1-888-249-3027.