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IRS Partial-Pay Installment Agreement – Bailey, NC

An individual from Bailey, NC hired Timberline to resolve their personal tax liability of nearly $70,000.00.  The Enrolled Agent assigned to the case immediately obtained a hold on enforcement to allow time to gather the client’s financial information which allowed us to determine the most appropriate resolution.  After the financial analysis was complete, the Associate was able to negotiate with IRS Collections. Through these negotiations, the Enrolled Agent was able to secure a Partial Pay Installment Agreement, allowing the taxpayer to make affordable $500.00 monthly payments on their liability. These affordable payments will be made through the collection statute expiration dates. In early 2023 the overall liability was $68,619.88, at the time of collection statute expiration dates the taxpayer will have paid about $54,000.00, resulting in an anticipated savings of $14,619.88!

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