PARTIAL PAYMENT INSTALLMENT AGREEMENTS
San Antonio Tax Debt Relief Attorney
Like a payment plan or Offer in Compromise, the IRS allows certain individuals and businesses to agree to a Partial Payment Installment Agreement, or PPIA, in order to pay back some or most of your tax debts. This can help you make manageable and reasonable payments based on your means to help avoid financial repercussions that can affect your future and your livelihood.
As an individual or business owner facing tax-related debt, it is advisable to turn to a knowledgeable San Antonio tax debt relief lawyer for representation. At The Law Office of Tony Ramos, P.C.¸ we can provide you with advice and guidance every step of the way to devise a payment plan that works for your unique situation.
Qualifications for Partial Installment Agreements
Know that there are a few basic qualifications for the IRS’s PPIA. These include:
- You must have filed and be up to date with required returns
- You must not be able to pay the full amount of your debt
- You must be able to make minimum payments without defaulting
- You must provide a complete financial statement to the IRS
If you qualify, the IRS may them negotiate an agreement based on your income, expenses, ability to pay, and whether you can use equity or assets to pay your debts. With the help of our San Antonio tax debt relief lawyer, you can find a favorable plan that keeps your best interests and your financial future in mind.
Call (210) 558-2834 for a Free Consultation
If you qualify and agree to a PPIA, the Internal Revenue Service will review your situation every two years. If they notice an improvement, they may raise your payments. This is why it is vital that you work with a San Antonio tax debt relief lawyer who gets to know you and your family and will work with you from the start of your case to the end.
Call The Law Office of Tony Ramos, P.C. at (210) 558-2834 to schedule your free consultation today.