Premier Tax Attorney, PC, Attorneys & Lawyers  Tax, San Francisco, CA

Installment Agreement and Partial Payment Installment Agreement (or PPIA) are alternative tax resolution programs to the Offer in Compromise (OIC) Program with the IRS. If you do not qualify for the OIC program, or if your OIC was rejected by the IRS, a Tax Attorney can negotiate an affordable payment plan under PPIA, where you only pay what you can afford. PPIA is for those taxpayers who cannot settle their debt because their income is too high for an OIC, but still cannot afford minimum monthly payments under a traditional Installment Agreement.

For Example: Taxpayer owes $50,000 to the IRS and cannot settle his debt with the OIC program because h6is income is too high. After deducting all his necessary living expenses from his gross income, taxpayer is left with only $150 in disposable income. Under a Traditional Installment Agreement the IRS would require taxpayer to pay $950 per month. However due to taxpayer’s financial condition the IRS will accept a $150 payment plan under a partial payment installment agreement.