At some point, you might find yourself unable to pay the taxes that you owe. Whether you owe the Internal Revenue Service (IRS), the Franchise Tax Board (FTB), the Employment Development Department (EDD) or the State Board of Equalization (BOE). Whether you owe $1,000, $10,000 or $100,000 those agencies are always willing to work with you, allowing you to pay all of what you through monthly installments.
Payment plans (also called “installment agreements”) are set up to last either until your liability is paid in full or until the statute of limitations (period that the agency is allowed to collect a debt) expires.
Establishing a payment plan on your own might not be a complicated task. However, negotiating an agreement that is affordable to you usually depends on particular set of skills and knowledge that only an experienced tax attorney possess.
At Brunoro Law, we assist individuals and businesses to set up low and affordable payment plans based on their current ability to pay. Our goal is to help you pay off your liability without hurting your credit or your finances. We perform an in-depth analysis of your situation to determine if you meet the basic requirements for a payment plan and then choose which option is better suited for you. We work diligently in gathering all relevant information and documentation to make sure that you get a reasonable payment plan that you feel comfortable with.
Each situation is unique and requires its own analysis. Contact us for a free consultation if you are interested in learning how we can assist you pay your tax debt through a payment plan.