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IRS Installment Agreement

 

A heavy equipment auction company in New Jersey hired Timberline to help protect the business and remove levies on their accounts. The Associate negotiated with the Internal Revenue Service on a liability due of approximately $377,000. After a full financial analysis and continued negotiations, the Revenue Officer agreed to an Installment Agreement of $2,500/month and then an increase to $6,000/month after twelve months. During this 1-year agreement, the Associate continues to monitor the account and will work with the company to restructure its business to ensure payments are remitted appropriately. Once the agreement is set to increase, the Associate will renegotiate the amount based on the business’s financial condition.

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