IRS Debt Below $25,000

If the total amount of debt you owe the IRS is below $25,000, (This is for personal liability, not business) your solution is usually fairly simple. If you personal debt to the IRS is under 25,000, divide you total liability (including penalties and interest) by 60. This will tell you approximately what your payment should be.

You need to call the IRS at 800-829-7650 and ask for payment plan. If your liability is under 25,000 you do not have to provide financial information, but will probably have to tell them the name of your employer and bank. If you are pressed for more detailed financial information, do not give it. Let them know your liability is under the amount at which financial data is required. If you are still pressed for more info, you may let them know you want to call back later.

If you cannot afford to make the payment you computed above, you will have to submit a complete financial statement to the IRS to be set up in a payment plan.

You may find if you have problems on the phone that you need and Enrolled Agent to assist you. Contact Effectur for more information.