Installment Agreement

Installment Agreement

An installment agreement is simply an arrangement with the IRS to pay your tax debt over an extended period of time. While most taxpayers are (understandably) interested in reducing their tax debt, those who legitimately do not qualify for a reduction can obtain alternative relief in entering into an extended payment plan as opposed to depleting assets to satisfy their tax debt. Depending on the taxpayer's specific circumstances, installment agreements can be extremely simple to set up or very complex requiring detailed financial disclosure. In those simple cases, Marc D. Marsico, Esq., will often times walk the taxpayer through the process providing him or her the confidence to request the agreement themselves and saving on attorney fees. Conversely, those that have significant debt and/or complex financial situations could benefit greatly by having an experienced attorney like Marc D. Marsico, Esq., represent them in obtaining the best possible payment terms.
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