55555 IRS Repayment Plan – PH ANCHOR

IRS Repayment Plan

TAX SERVICES

Our team of industry experts and tax professionals partner with business owners to minimize tax liability and ensure tax savings. We provide strategic tax planning that integrates both personal and business objectives.

Whether it is a personal tax strategy that dramatically affects your business plan or a business tax strategy that affects your family’s future; our tax advisors are experienced and experts in tax research and tax planning to ensure that your overall tax burden is minimized.

IRS Repayment Plan

Another strategy for tackling tax is the IRS Repayment Plan. This allows you to break down the full amount you owe into smaller and more manageable payments while avoiding levies and garnishments. You’ll still be on the hook for interest and penalties for being late until you’ve paid off your balance in full.

This type of tax relief is either short-term (payments made over the span of 120 days or less) or long-term (payments made over the span of 120 days or more). A short-term payment plan is only for individuals, not businesses, and won’t be liable for a user fee. The most you can owe with a short-term plan is $100,000 in combined taxes, penalties, and interest.

A long-term plan has fees and the most you can owe is $50,000 in combined taxes, penalties, and interest.

PAMC Tax