This agreement allows you to pay your full debt in smaller, more manageable amounts. Installment agreements generally require equal monthly payments. The amount of your installment payments and the number you make will be based on the amount you owe and your ability to pay that amount within the time we can legally collect payment from you.
You should be aware, however, that an installment agreement is more costly than paying all the taxes you owe now. As with most revolving credit arrangements the IRS charges interest and penalties on the unpaid portion of the debt.
If you want to pay off your tax debt through an installment agreement, please call the law Office of Attorney Melvyn R. Burrow at (404) 875-5626.