Our successful Denver tax practice specializes in taking care of people in the IRS hot seat. We have dedicated ourselves to helping people with their tax problems. It’s what we do all year long.
Payment Plan / Installment Agreement
If you owe the tax but you can’t pay the entire amount due at once, you may be eligible for a monthly payment plan. We can base the payment plan on a set number of months or based on what you can afford. This can give you the breathing room you need and avoid garnishments of income, bank accounts or other assets. Currently Not Collectable Status. If you can not afford any monthly payments, you can be placed into currently not collectable status. This is achieved by obtaining IRS agreement that you cannot afford to make monthly payments. It would be a financial hardship to require any monthly payments from you. This is a temporary status. You will remain here until you are able to afford monthly payments. The tax liability remains valid and continues to accrue penalties and interest. This option is sometimes best used together with another more permanent solution such as Offer in Compromise or bankruptcy or Collection Statue Expiration.