Partial Payment Installment Agreement Lawyer

Taxpayers who are unable to make minimum payments under a streamlined or guaranteed installment agreement may make application for a partial payment agreement that fits within their budget limitations. Partial payment installment agreements are based on "durable income" after considering acceptable living expenses. The key to an appropriate installment request is an understanding of how to determine the proper amount to offer in a monthly installment and what monthly expenses the IRS will treat as essential living expenses and allowable deductions.

 

At the Law Offices of Neil Crane, LLC, we understand and work regularly with the IRS standards and procedures for determining acceptable monthly living expenses. This allows us to create a plan for partial payment installments that fit properly with acceptable IRS allowances. Contact us online, call us at 203-230-2233 or call us toll free at 888-249-3027 for a free initial consultation about installment agreements and your tax debt.

Obtaining a Partial Payment Plan

Partial payment installment agreements require the filing of a Form 433F to request average income and expenses generally over a three-month period . All applications to IRS should include complete detail and documentation of all sources of income. This includes pay stubs and checking records for all responsible parties. These numbers are adjusted based on an IRS table of acceptable or allowable monthly expenses. These allowable expenses are determined by household size, dependents and geographical area.

To fully represent our tax clients, we use the full "means testing" criteria of the IRS and understand all of the many and complicated nuances of proper means testing. This assures our clients the maximum chance for success in obtaining partial payment installment agreements that best benefit our clients.

Under Partial Payment Installment Plans, the Taxpayer Must Know That:

  • Partial installment plans can cover a longer term payment schedule than streamlined or guaranteed payment plans allowing for an extended repayment term
  • Tax liens can be filed as part of a partial payment installment arrangement with the IRS if the IRS determines that it best protects the IRS's interests in collecting the tax debt owed
  • Partial Payment Installments are subject to continual reevaluation of the taxpayer's acceptable monthly income and expenses

At the Law Offices of Neil Crane, LLC, we understand all the nuances of the IRS's determination of acceptable monthly income and expenses. This allows us to craft and present the best possible proposal for an acceptable partial payment installment agreement.

To learn if you qualify for a partial payment installment agreement, contact the tax relief attorneys at the Law Offices of Neil Crane, LLC. We'll meet with you for a free initial consultation to discuss your concerns and analyze your budget. Call us at 203-230-2233, call us toll free at 888-249-3027, or contact us online to get a prompt response from an IRS partial payment installment agreement lawyer. We have office locations in Hamden, Bridgeport, Ridgefield, Waterbury and Rocky Hill, Connecticut.

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