Tax Resolutions

Complex Installment Agreements

A Complex Installment Agreement is a payment plan for taxpayers who owe over $50,000. The balance must be paid off within five years (60 months) or before the Collection Statue Expiration Date. Interests and penalties may still be issued by the IRS until the full amount is paid. Financial information must be provided in order to determine a minimum monthly payment.. The monthly payment will be determined by subtracting the taxpayers allowable monthly expenses from him monthly gross income. A tax attorney can negotiate this monthly payment to as little as possible. Consult a tax attorney to determine if a Complex Installment Agreement is the best solution for your debt situation.

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The Supreme Court of Illinois does not recognize certifications of specialties in the practice of law and the certificate, award or recognition is not a requirement to practice law in Illinois. The information on this website is for general purposes only and should not be interpreted to indicate a certain result will occur in your specific legal situation. The information on this website is not legal advice and does not create an attorney- client relationship

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