Roni Deutch’s Law Firm Negotiated IRS Payment Plans for Taxpayers Owing Over $3.9 Million in November, 2009

Posted 12/30/2009 9:45:42 AM

By negotiating Installment Agreements (IA) for their clients, Roni Deutch and her tax resolution law firm provided tax relief to a group of clients collectively owing the IRS over $3.9 million in the month of November 2009. An IA with the IRS allows a taxpayer to repay all, or part, of their delinquent tax liability through manageable monthly payments.

Of the clients, half were able to qualify for traditional Installment Agreements, while the other half were placed on Streamlined Installment Agreements (SIA). SIAs can be entered without disclosing any financial information to the IRS provided that a taxpayer’s tax debt is less than $25,000, all tax returns have been filed, and the monthly payment will pay off the tax debt in five years or less. The average tax liability for the clients placed on an SIA was just over $16,000, and the average payment was around $260 per month. On the other hand, the average liability of the clients placed on traditional IAs was around $35,000 with a payment of under $425 per month.