In the First 3 Months of 2009, Roni Deutch’s Law Firm Negotiated IRS Payment Plans for Taxpayers Owing Over $6.8 Million in Aggregate

Posted 5/6/2009 11:06:18 AM

By negotiating Installment Agreements (IA) for their clients, the nation’s largest tax resolution law firm was able to provide IRS tax relief to a group of clients collectively owing the IRS over $6.8 million in the first quarter of 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 they other half were placed on Streamlined Installment Agreements (SIA). SIAs can be entered without disclosing any financial information to the IRS, provided that the taxpayer’s tax debt is less than $25,000, all tax returns are 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 $15,000, and the average monthly settlement payment was around $260.