What Is An IRS Payment Plan?

If you’re struggling to pay your taxes, you can make an agreement directly with the IRS to pay your federal tax bill. You can make a short-term or long-term payment plan based on your needs and what you can afford. Generally, you will make monthly payments to settle on what you owe. If you are continuing to make payments, usually, the IRS won’t threaten to garnish your wages or seize any assets or property. However, you will still be responsible for paying whatever penalties and interest that accrue until your balance is paid in full.

Who Can Apply For An IRS Payment Plan?

You can apply for a long-term plan to be paid in 120 days or more if you’ve filed your tax returns, and you owe $50,000 or less in taxes, interest, and penalties combined. You can apply for a short-term payment plan to be paid in 120 days or less if you owe less than $100,000 in taxes, interest, and penalties combined. If your adjusted gross income is at or below 250% of the federal poverty line, you may qualify as a low-income applicant.

Testimonials

“As a small business owner, I have had experience with several accountants and tax professionals. Phil and his team at 4 Corner are by far the best. They have far surpassed my expectations. I highly recommend them for all of your tax, financial, accounting and organization needs.”

Anthony Juarez

Vice President, Mountain Reach Roofing & Gutters

“…A fellow professional speaker recommended that I outsource my finances, taxes, and payroll to 4Corner and it was the best move I have made yet. The team is responsive, creative and professional, and this is one major thing now off my plate at a very reasonable cost. And, using QuickBooks is something I know I should have done a long time ago. 4Corner made it easy!”

Jill Christensen

Founder and President, Jill Christensen International LLC

I’ve worked with Phil Zavala since 2013 and have always been more than happy with the service he provides. Not only has Phil been my backbone in all of my ventures, but has become one of my best friends. No matter your industry or phase in your career, Phil is a valuable asset. I’ve told all of my colleagues and friends to “Call Phil”

Alex Chapman

Co-Founder, Be One RealEstate

As a small business owner, I have had experience with several accountants and tax professionals. Phil and his team at 4 Corner are by far the best. They have far surpassed my expectations. I highly recommend them for all of your tax, financial, accounting and organization needs.

Anthony Juarez

Vice President, Mountain Reach Roofing & Gutters

“…A fellow professional speaker recommended that I outsource my finances, taxes, and payroll to 4Corner and it was the best move I have made yet. The team is responsive, creative and professional, and this is one major thing now off my plate at a very reasonable cost. And, using QuickBooks is something I know I should have done a long time ago. 4Corner made it easy!”

Jill Christensen

Founder and President, Jill Christensen International LLC

I’ve worked with Phil Zavala since 2013 and have always been more than happy with the service he provides. Not only has Phil been my backbone in all of my ventures, but has become one of my best friends. No matter your industry or phase in your career, Phil is a valuable asset. I’ve told all of my colleagues and friends to “Call Phil”

Alex Chapman

Co-Founder, Be One RealEstate

Call 4Corner For IRS Payment Plan Assistance

When you hire 4Corner to assist you in navigating your IRS payment plan, there is a chance that we can get your tax penalties removed. Contact us today to schedule a free consultation.