The most common, and oftentimes the most effective method of resolving back-tax liabilities lies in the form of a typical monthly payment arrangement. After analyzing an individuals or businesses' financial condition, Aspen Accounting and Financial Services can negotiate for low, affordable payment terms that are designed to be maintained for the life of the payment plan. Don’t be pressured by Collection Agents trying to force you into unreasonable, short-term payment plans. Find a long-term solution that works by exploring our creative Installment Agreement options:

Partial Payment Installment Agreement: This plan is the perfect blend of an Offer in Compromise and a standard monthly payment plan, as this resolution strategy offers a reduction of the total tax liability, with the convenience of long-term monthly payments. These plans can be accepted to allow payment plans for greater than 5 years, but are not typically advertised by most collection agents at the IRS

Seasonal Installment Agreement: If your business or individual income is irregular throughout the year, you may qualify for a seasonal payment plan for your back-tax liabilities. Simply stated, the agreement is established so that you pay more during your more profitable seasons, and less during the lean times. Don’t be forced into a straight-line Installment Agreement if you know you won’t be able to afford year round payments at the same rate. Ask our specialized representatives for more information.

Tiered or Graduated Installment Agreement: Oftentimes, taxpayers are short on disposable income now, but might have additional monies expected in the future. If you, or your business, are expecting to free up funds with the resolution of a car loan, mortgage, child support, or any other form of secured debt, we can build these additional payments into your Installment Agreement for the future. We can usually start your payment plans for comfortable, and sometimes nominal amounts, with the intent of increasing the monthly payments at certain intervals to more aggressively tackle your tax balances for the future.

Aspen Accounting and Financial Services and their consultants have worked extensively with all 50 States’ Taxing Authorities, and the Internal Revenue Service to come up with unique and affordable payment arrangements, including several not listed here. If your financial condition doesn’t warrant a standard payment plan, call or e-mail us to find more reasonable accommodations.