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IRS Partial-Pay Installment Agreement

 

A professional Real Estate Agent in Denver, Colorado hired Timberline Tax to protect her personal accounts while helping to provide a resolution to the tax liabilities. The Enrolled Agent assigned to the case first ensured the taxpayer was safe from enforced collection action while the file underwent a financial analysis. Upon review of the initial account information, the Associate found that the taxpayer would qualify for a First Time Abatement for the 2002 Form 1040. Though minimal, the abatement released $327.57 from the account. As the case progressed and additional financial analysis was completed, the Associate determined that full payment of the tax liability was not possible. He worked diligently with the IRS and negotiated a Partial Pay Installment Agreement that will end up saving the client $173,002.64 through the life of the collection statutes.

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