A Minneapolis Tax Attorney Can Share Options for Those in Severe Debt


Installment Plans
If there is no way around paying, most people will have to set up some kind of a payment place with the IRS. Provided you have never been in trouble with the IRS before, they are usually willing to set up an installment plan in which you can pay a small sum of the total each month until it is entirely paid off.

Depending on the amount owed, this could only take a few months. If you’re severely in debt, it could take years. If you owe less than 25,000 dollars, it’s generally pretty easy to set up an installment plan. If the balance owed exceeds 25,000 the process will become more involved and it might be more difficult to set something up.
http://www.tax-tiger.com/tax-relief-blog/2015/03/25/a-minneapolis-tax-attorney-can-share-options-for-those-in-severe-debt/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s