The IRS Installment Agreement Types & The Important Details!

The IRS Installment Agreement & all related important things!

If you are here, then you are entirely familiar with the IRS Office in Tampa. Well, pay your taxes to the IRS is not such an easy job. But why the IRS? Well, they are like the secretary of the government. It is an agency that is in charge of handling all your taxpaying needs. As in, it collects the tax from you to pay the government. It assists the government to get the tax from you and then give it to them with all the interest fees and penalties added to it. Moreover, there are a lot of methods by which the person who has to pay the tax, through which he can pay it. Some options are the credit card loan, extending the period and even giving in installments with the IRS installment agreement.

The IRS that is also called Internal Revenue Service permits all the taxpayers to remove all their debts with the IRS installment agreement. Moreover, the IRS always advise those who need to pay the tax that they should pay altogether and on time since there is a lot of high-interest rates and as well penalties for late payment. They do this since the interest rates along with the penalties are usually equal to 8-10% for one year, which can be really heavy on your pocket. This is why the IRS installment agreement online is not a favorable option always.

If you are still not eligible and financially able to pay the entire amount of debts all at once, that is when the IRS installment agreement form helps you out. This helps you in such a way where you can pay your debts in the form of installments, but do keep in mind that this type of payment may cause you to pay more due to the penalties and the interest rates on it. If you are not sure about what to do, you can contact Tax Law Tampa of just give a call on the IRS installment agreement phone number. Moreover, there are 4 types of installment agreement forms:

  • Non-streamlined
  • Streamlined
  • Guaranteed
  • Partial payment

Non-Streamlined IRS Installment Agreement form

If you are a taxpayer and you owe the IRS about $50,000 or more, there is an option for you to pay back in the form of installments. This is called the non-streamlined IRS Installment Agreement. Moreover, there is no way that the IRS would easily approve for this, you would have to convince them and negotiate with them till they do so. You might also have to file the form 433-F that is the Collection Information Statement. You would have to fill the form with information like living expenses, income, debts, assets, the installment payment amount and the accounts of the taxpayer.

The IRS would talk a few months after you fill the IRS installment agreement form, for the IRS to review the request. Moreover, they would be the ones who would be the ones who would propose the payment plans where your recommendations are just taken into consideration. And if they feel that you are able to pay altogether or that your living expenses are unnecessary, then they might reject the proposal. Moreover, if the information provided is not valid or if you have not completed an installment for the previous debts arrangements, the IRS would not approve the IRS installation agreement online that you have sent.

If you are not able to pay with this type of IRS installment agreement online, then consider filling the Offer in Compromise one.

Streamlined IRS Installment Agreement Online

Now, with the idea that is ruling your mind, let us use it to talk about the streamlined IRS installment agreement. It is eligible for those taxpayers whose total amount after adding all the interest and penalties with the amount they owe, and it comes out to be below $50,000. This agreement allows the person to pay all the dues within 72 months. Moreover, the payment that is proposed by the IRS then is either equal or greater than the least amount that is acceptable. Here, the minimum amount is the amount that is higher than the $25 or after adding all the amount with the penalties and the interest and dividing it by 50.

This IRS installment agreement form has a fee as well. Moreover, the direct debit IRS installment agreement form has a fee as well but a reduced one. Furthermore, to reinstate or restructure an installment agreement that was in place in the past, also has a completely different fee. The federal tax lein is not filed by the IRS in this agreement method.

Guaranteed IRS Installment Agreement form

The guaranteed installment agreement by IRS can be adopted only if the taxpayer has the amount less than $50,000. But this does not have the penalties and the interest rates included in the total cost. Moreover, the taxpayer has been filing tax returns during the last five years and has even paid the taxes that were owed. Furthermore, the person should not have got into any IRS installment agreement during the previous five years.

The person is allowed to get this agreement only if they are not able to pay all the tax during the due time or within the 120 days given to them. This allows them to pay all the amount owe within three years where the person has to pay at least the minimum monthly payment every month. This amount is determined by adding the penalties, liability and the interest together to divide it by 30. A federal tax lien would not be filed by the URS against the taxpayer through this agreement.

Partial Payment Installment Agreement by IRS

In this type of IRS installment agreement, the taxpayer makes a deal with the IRS to pay the partial payment of the amount the person owes the IRS of the tax liability. Moreover, the taxpayer would have to fill the form called the Form 433-F to show their living expenses and their income. This is so that the person could be qualified for their arrangement by the IRS after they have evaluated and verified the information. Moreover, if the individual has some property that can be sold so that he or she can pay the taxes, the IRS would need all the information on it.

Another thing about this IRS installment agreement is that, if it gets an approval, the person would have to be a part of the financial review that takes place every two years. Moreover, this can lead to the termination of the agreement or an increase in the installments.

Methods to make the payments for the IRS installment agreement

The methods that the taxpayers can use to take care of the installments are:

  • Money order
  • Cheque
  • Direct debit
  • Electronic Federal Tax Payment System
  • Online Payment Agreement
  • Credit card
  • Payroll deduction


When does the IRS Revoke an IRS InstallmentAgreement? 

Aninstallment arrangement can be revoked by the IRS under the following situations:

  • The information on the Form 433-F is in accurate by the taxpayer.
  • After the agreement has been processed, the taxpayer does not pay the tax or file for the return of the tax.
  • A payment is missed by the taxpayer.
  • There is a change in their financial situation while the taxpayer is paying with the partial installment scheme.

What to do next?

Well, getting a huge tax bill on your head is not an easy thing to handle, and if you do not have any idea about the rules of the tax, it can get hard for you. So, you can contact a Tax Law Tampa attorney to help you deal with situations like this with ease. Visit today!


The Tax Law Tampa – Guaranteed Legal Solutions!

tax law tampa
Tax Law Tampa

Income tax return filing, tax litigation, bank and wage levy, tax debt management, the filing of a tax appeal – all are serious things. Being a taxpayer you have to understand the severity and the importance of tax related issues. Tax evasion is considered as a criminal offense. However, regular taxpayers enjoy several perks and benefits.



In short, appropriately dealing with taxes and maintaining an excellent relationship with the IRS and other authorities is a must.

The Tax Law Tampa – Got it All!

We, the Tax Law Tampa is the name of a professionally owned and organized company. For us, both the individual taxpayers and businesses are equally important. We are offering complete and the most comprehensive range of services. Being a Tampa-based firm, we are well aware of the most common issues taxpayers used to counter here. In short, dealing with our company is much better than the hiring of an individual Tampa Tax Attorney. As you can see, the “services” section of our website is looking quite a promising one. Still, don’t hesitate in reaching us in case if you cannot see your issue mentioned in that list. Our brilliant lawyers are capable enough for the handling of almost everything.  

Our Firm vs. an Individual Tampa Tax Lawyer

Well, for the hiring of a Tax Attorney Tampa is easy to go kind of place. Here, the legal services industry is quite a nurtured one. The availability of budget lawyers and attorneys is bringing great peace and ease in the life of taxpayers. Still, for additional perks and benefits, Tax Law Tampa is an ideal firm to go with. Numerous big names of the legal fraternity here are associated with us. Thus, the significant benefits of “collective wisdom” can be acquired by taxpayers. In addition to this, the entire process becomes even safer. Nothing like missing of deadlines and hearings could is going to happen ever.

From IRS to FinCEN – Everything is In Our Scope

We know tax matters sometimes involves different agencies and institutions. Occasionally, a simple looking issue becomes a substantial source of troubles. IRS, local taxing authority, and FinCEN – each one of these establishments has its perspective towards the taxpayers. We, the Tax Law Tampa are unique, and our exclusiveness lies in the diversity of services we are offering. Following are some of our most celebrated services,

  •          Tax Debt Resolution         
  •          Tax Penalty Removal
  •          Federal & State Tax Appeals
  •          Voluntary Disclosure
  •          IRS Tax Audit
  •          Late Tax Filing


Have your Financial Liberties Guarded

Being a taxpayer – you always remain under the strict surveillance of the IRS. At times situation starts getting out of control. Failing tax payments or the filing of returns are criminal offenses here in the United States of the America. The IRS, on the other hand, have several unique powers. They can direct your employer for the deduction and deposition of a certain amount of money from your salary. The next step usually comes in the form of your bank accounts seizure. Later on, they (the IRS) stretch their hands on your property. It’s scary, disturbing and humiliating as well – we agree. However, by taking a few precautionary measures, you can avoid becoming the victim of the IRS unprecedented powers. In short, in this battle for your Financial Liberties and social stature, we the Tax Law Tampa will stand with you.

We are serious about the Tax Debt Management

Tax Debt – in our view, remains the cause behind the debacle and fiasco of several businesses yearly. That is the reason behind our additional interest in this subject. We have several well-manured programs, suitable for people coming from different backgrounds. Out “tax debt” management experts have a proven track record. Believe us; we have some interesting numbers to show. Remember, the tax laws we are dealing with are clear and straightforward. Being a taxpayer you have every right to seek as much relaxation as the federal government has sanctioned for you.

Tampa Tax Lawyer & Financial Perks!

Tax savings is one of the favorite’s subjects and it is taken with full interest by taxpayers. Unfortunately, a vast number of taxpayers is still far away from procuring tax relief and relaxations entitled, in fullest. We, the Tax Law Tampa know very well, the critical of this element. So, those or our friends who still are not materializing the comprehensive benefits of tax code laid relaxations should think about that. We have made it easy for you. Don’t have a good idea? Fine, just let us see how strong your case is – accordingly the process will or will not be started. Do you know, being in a particular role entitles you for tax relieves and relaxations? Are you the one on that list?

  •          Student
  •          Teacher
  •          Researcher
  •          Handicapped
  •          Tenant
  •          Proprietor
  •          Donor
  •          Employer

If your answer is yes, then congratulations! You are entitled some relaxations by the IRS. But, those whom the name is not mentioned, still can enjoy amazing benefits. Just contact us.

Facing Tax Litigation? Don’t Panic

It is unfortunate, thousands of taxpayers are forced into tax litigation each year. Defending yourself in a tax court is not an easy thing. Because it involves a lot of technicalities. Someone without having a complete grasp of tax related issues cannot perform well after becoming subject to tax litigation. Here comes our role! We, the Tax Law Tampa are ready for representing you. Legally, you are not bound by an in-person representation. Our attorneys and lawyers are entitled and legally allowed for this job. Yes, it can never be called as a pleasant experience – the tax litigation, investigation, and inquiry. However, our services are designed and destined for the legal backing of our clients in an ideal way.

tax law tampa map

How a Tampa Tax Attorney Brings, Savings, Peace and Wonders?

tax law tampa
Tax Law Tampa

A Tampa Tax Attorney could bring great relief for those who are facing tax difficulties. Whether it is a growing debt or

an upcoming IRS – Tampa Bay Tax Attorneys have guts to create a difference for you. Nontechnical taxpayers find it too difficult to deal with their tax-related routine tasks just like online preparation and filing of the Federal Income Tax Returns. Once again, you can have all your issues resolved with the help of a Tampa Tax Attorney straightaway. Hire them for a day or a month according to your requirements and bring peace in your life!

Want to know about Tax Attorneys Operating around you?

Well – we are lucky to have amazing search tools available, and Google is a tremendous example to be mentioned here. Taxpayers looking for the best Tampa Tax Attorney can now find one without stepping out of their homes. Just go online and type, “Tax Attorney near Me.” We are sure – you will be able to find several good lawyers in a single go. However, here comes the most important thing. Always keep yourself stick with a qualified Tampa Tax Attorney.

Here is a short list of dos and don’t to be considered for ending up with a good choice.


  • Check what kind of services they are offering
  • Talk to them in person before the finalization of any deal
  • Check whether they are a legitimate business and service provider or not
  • Ask them about the qualifications of the lawyers they have on board
  • Discuss how much they are going to charge you


  • Fall for bizarre marketing tactics
  • Believe those who are offering illegitimate services
  • Trust the firms which don’t have a good reputation in the market
  • Try to hide anything from your Tampa Tax Attorney after hiring one

Good News for Families by Renowned Tax Attorney Tampa, FL

The tax code has different standards for those who come from different professions, financial and social backgrounds. Americans who are used to file their returns jointly and who are living as a family along with their spouses and children are entitled to save a lot of taxes. According to one of the finest Tax Attorney Tampa, FL families can claim for massive deductions simply by applying for it through their annual tax returns. So –it is a great opportunity for the families. You can use our contact details for having your tax savings potential gauged! We are doing it FREE – even for those who haven’t worked with us ever.

Halt IRS Levies, Liens and Garnishments at your Disposal Today!

Taxpayers dealing with tax issues can have all of their troubles resolves no matter how complicated are the issues they have been facing. Prolonged negligence, nonpayment of taxes and non-filing of federal income tax returns could make you a possible target of the IRS. Like it or not, it is how the tax laws are. The IRS (Internal Revenue Service) have every legal right to chase, to penalize and to bust those who don’t have a clean tax record. However, for hiring a competitive tax attorney Tampa is an ideal choice.  Tax lawyers operating in this region have a tremendous track record, and their services are available at a very reasonable price. As an example consider TaxLawTampa.Com. With their urgent help and support, you will able to deal with all your IRS related issues.

Tax Debt Liberation Services

The phrase we just have used is a self-explanatory one.  After all, a growing tax debt is an octopus. It starts hitting the victim from several dimensions and leaving the causality with having no issue but to surrender. We are lucky as we have several good Tampa Bay tax attorneys offering their astonishing tax debt management services. To find one of the best Tampa Tax Attorney you can use the Google Search like this;

“IRS Debt Tax Attorney near Me”

Google, already knows exactly what you are seeking. They even know about your location, and that’s how their local search feature is making life easy for us. In this way, you will be able to find the best Tampa Tax Attorney with an alleviated knowledge and tilt towards debt management solutions. Tax Debt Management is a process that involves hefty procedures, and it can’t be done correctly without the intervention of a qualified tax specialist.

What Have Tampa Bay Tax Attorneys for Low Yielding Individuals?
  • Amazing deductions
  • Tax Holidays
  • Cheap preparation and filing of annual returns
  • Productive negotiations with the IRS
  • Tax audit protection
  • Wage garnishment protection


Yes! Tampa Bay Tax Attorneys are known for the quality of the services they are offering. With their assistance and in their guidance – lower yielding individuals from salaried class can enjoy several benefits. We have mentioned only a few above. Don’t worry about the electronic submission of your federal income tax returns. You as an individual or a group of persons would be able to find several good Tampa Bay Tax Attorneys to acquire the desired services

Facing an Audit? Hire a Tampa Tax Attorney Now!

The IRS is known for several things, and one out of them is their surprise audits. According to them – the auditees are chosen randomly and get notified later. Well – the notice communicating the auditee about an ongoing review process across his or her financial and taxation matters brings a lot of chaos. The IRS will perform a detailed check of your current and previous tax history. Remember whatever discrepancies they found during these audits are used to build a case against the taxpayer involved. Tampa Bay Tax Attorneys are a great and perhaps the only choice for those who are feeling anxiety and anticipating a sure backlash for having known and unknown flaws in their tax history. So don’t take chances and contact a qualified tax Tampa Tax Attorney after getting notified for being an audited by the IRS. You can find IRS audit expert tax lawyers by searching, ‘IRS Audit Tax Attorney near me”.

tax law tampa map