How Good People Solve Bad IRS Problems - Nick Nemeth - Manual / Resource - Page 40
End Your IRS Problems
making monthly payments must be filed and paid in
full and on time.
You can’t have had a similar loan with the IRS
in the last three years.
You can’t be sitting on a bunch of liquid assets
(cash) ... that you just don’t want to part with in order
to pay your tax bill now.
If you’re qualified, then all you have to do is call the
IRS at the phone number listed on the last collection
letter they sent you and tell them you are interested in
their Streamlined Program.
Another option is to write the IRS a letter explaining
that you’re interested in their Streamlined Payment
Plan for “such and such” tax years. Ask them to
send you a letter indicating that they agree with your
proposal and ask that the letter include your monthly
due date and payment amount.
This great IRS program will allow you to pay them
in an orderly manner with monthly payments -thus
avoiding the liquidation of assets for immediate
payment to the IRS.
Don’t Forget -The fine print in this Streamlined
Program is that you’ll stay current on all filing and
paying requirements during the term of your plan.
If, for some reason, you start on the Streamlined
Program and can’t keep up with the payments or fall
behind in filing or paying other years ... be sure to
contact the IRS to renegotiate another repayment plan.
Obtaining and keeping a successful Streamline
Payment Plan often requires the help of a trained legal
professional. Many taxpayers find themselves needing
to hire an attorney after attempting to negotiate
a Streamline Payment Plan on their own. Only to
find they don’t qualify or can’t afford the monthly
payments required by the IRS.
Remember doing nothing is not an option. If you feel
like you’re over your head ... you probably are! Call me
to arrange a free consultation.