• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Terrance A. Grady (614) 849-0378
  • Katherine R. Dodson (614) 849-0376
  • 100 E Broad St. Suite 2310, Columbus, OH 43215

Terrence A. Grady

& Associates Co., L. P. A.

  • Home
  • About Us
    • Locations
  • Practice Areas
    • Civil Tax Disputes & Litigation
      • Businesses and Individual Income Tax Audits & Appeals and Tax Litigation
      • Payroll Tax Disputes/Trust Fund Recovery Penalty
    • IRS Collections, Liens & Levies
      • Options to Settle Tax Liabilities
      • Offers in Compromise
      • Installment Agreements
      • Penalty Abatement
    • Federal White Collar & Tax Crime
      • Tax Crimes
      • Failure to File Tax Returns & Underreported Income
      • FAQ’s About Criminal Tax Investigations
      • Fraud, Financial & Securities Crimes
    • International Tax Planning & Compliance
      • Foreign Bank Account & Foreign Entity and Investment Reporting
      • IRS Voluntary Disclosure Initiative
      • International Tax Audits and Investigations
      • Foreign Account Tax Compliance Act (FATCA) Assessment & Compliance Planning
    • Tax & Business Planning
  • Attorneys
    • Terrence A. Grady
    • Katherine R. Dodson
  • News
  • Contact
    • Contact Our Ohio Attorneys
    • Directions and Parking
  • 614-849-0378
You are here: Home / Services / IRS Collections, Liens & Levies / Installment Agreements

Installment Agreements in Ohio

Installment Agreements

For those with significant tax liabilities, a lump-sum payment to settle their tax debts may not be a realistic option. Unfortunately, if nothing is done to resolve this outstanding debt, the IRS will waste no time pursuing wage/bank garnishments or property liens/seizures. However, there are many options for settling tax liabilities and an installment agreement can give you the financial breathing room that you need.

Understanding Installment Agreements

When the IRS accepts installment agreements, it allows delinquent taxpayers to settle tax debt through monthly payments made over a period of time. For those who are facing immediate IRS levies or property seizure, this solution brings much needed relief. Once an installment agreement is entered into, the law requires that all IRS collection efforts cease. While the IRS may still place a lien on your property, they cannot act upon it if you make regular payments as agreed upon.

It is important to note that penalties and interest will continue to accrue each month on any outstanding portion of the tax debt.

Do Not Try To Negotiate With the IRS on Your Own

When proposing the terms of an installment agreement, the IRS will typically take into account your liquid assets as well as your family’s business’s allowable expenses. However, the IRS is not always fair or realistic when creating these agreements. That is one of the main reasons it is important to seek legal advice from a qualified tax attorney.

At Terrence A. Grady & Associates Co., L.P.A., tax law is our main focus. When the IRS presents an unrealistic installment agreement, our lawyers can help. We are very familiar with the IRS’s internal policies and procedures related to these collection alternatives and know what arguments to make to get you the most reasonable monthly payment arrangement. We also have the legal knowledge and skill to negotiate a better offer that is viable for our clients and also satisfactory to the IRS.

With more than 30 years of legal experience, attorney Grady is consistently listed among the Best Lawyers in America for taxation issues. He understands the complex IRS regulations associated with installment agreements and has helped a significant number of clients find solutions to outstanding tax debt.

Our law firm can facilitate installment agreements for individuals, families and businesses.

Contact Our IRS Payment Plans Lawyers

Learn how our Ohio law firm can help you satisfy payment of your back taxes through an installment agreement with the IRS. Contact our Columbus tax attorneys to learn more.

Primary Sidebar

IRS Collections, Liens & Levies Topics

  • Options to Settle Tax Liabilities
  • Offers in Compromise
  • Installment Agreements
  • Penalty Abatement

Contact Us Now:
614-849-0376

Recent Posts

  • Update on IRS’s People’s First Initiative- Compliance, Filing & Payment Relief
  • IRS Letters 6336 for Micro-Captive- Response Date Extended to June 4, 2020
  • SBA Paycheck Protection Program Loan (COVID-19 Stimulus)
  • Tax Relief Provided by CARES Act
  • IRS Issues FAQs on Some Payment Postponements

Footer

Browser Our Website

  • Home
  • Firm Overview
  • Attorneys
  • Latest News in Ohio Tax Law
  • Contact Our Attorneys
  • Privacy Policy

Contact Information

100 E Broad St. Suite 2310, Columbus, OH 43215
Phone: (614) 849-0376
Send us an email

Hours of Operation:
Mon-Fri 9:00 AM - 5:00 PM
Sat-Sun Closed
Weekends By Appointment Only


 

Send Us A Message

  • Required items are marked with an *.
  • Warning The message you entered in the form contains links or other terms that are commonly used for spam. Please revise your message or contact us via our phone number for immediate assistance.
  • This field is for validation purposes and should be left unchanged.

Copyright © 2023 Terrence A. Grady & Associates Co., L. P. A.

WordPress Website by jhWebWorks, Columbus, Ohio