The IRS will allow you to make payments on your balance if you cannot full pay. There are several payment plans that you could qualify for depending on your total balance owed. The simplest is a streamline payment plan, if you can full pay the total balance within a timeframe given, usually 72 months. If you cannot full pay by the timeframe then you will need to disclose your financial information and pay the disposable income amount.
Even with installment plans, The Tax Defense Group has consistently lowered our clients’ monthly payments through deductions, filing delinquent tax returns, penalty abatement, and the statute of limitations on tax liability, to name a few tactics. Contact us to ensure that you do not pay the IRS a penny more than you are legally obligated to pay.