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IRS Partial-Pay Installment Agreement

 

A home health company hired Timberline tax for overall protection and negotiation of its past-due tax liability. It was determined that the business was in a manageable agreement; however, the owner of the business had been personally assessed with the Trust Fund Recovery Penalties from the company’s unpaid withholding taxes. The Enrolled Agent assigned to the account reviewed the case financial information and determined the best route to personal resolution. The Enrolled Agent immediately the taxpayer had significant appeal rights and he filed for a Collection Due Process Hearing to discuss the case and recent Notices of Intent to Levy. During the appeals conference, the Enrolled Agent negotiated a Partial-Pay Installment Agreement for $2,575.00 per month. This resolution will save the client approximately $70,926.02 on a liability that was over $323,000.

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