Installment Agreement Extension

Installment Agreement Increase

Is your Installment Agreement about to Increase? No problem, we can help. Tax Service Masters can apply for an extension with the IRS with ease. Contact us, or fill out the form below and we’ll call you.

Why Is My Installment Agreement Increasing?

Why would your Installment Agreement Increase? Oftentimes, tax professionals are able to arrange Installment agreements for their clients. However, the IRS grants a lesser amount during the 1st year of the agreement and an increase afterwards. The dilemma being taxpayers usually need an extension of the lower installment agreement. Whether your increase is coming up, or already in effect we can help you receive an Installment Agreement Extension. Individual results vary, and are based on the financial information you provide us.

A Payment Plan was Accepted and Set-Up, Why Did I Still Receive a Threatening IRS Letter?

This section is for taxpayers that want assurance that their payment plan is in motion, and no adverse or negative penalties or interest is accruing on their account. Reading this small paragraph / example below should help you better understand why you most likely received the penalty and interest letter(s). Understanding the way the IRS automated system works is key.

The best way to explain this common problem is by example.

Let’s say you filed your taxes on-time, and their was a balance owed to the IRS of $3500.

  • You could only afford to pay $1,000 at the time of filing, leaving you with a $2,500 balance.
  • Your tax professional put you on a payment plan to pay $500 per month for 5 months.
  • The payment plan was accepted, and all is well.. until:

You receive an IRS letter outlining your $2,500 balance is subject to interest and penalties.. What Happened?

The short answer is: Nothing unusual happened (IRS business as usual happened), when you file and there is a balance owed the IRS automated system triggers an automated letter which is then sent to you saying “hey taxpayer you owe us this, and if arrangements aren’t made you’ll owe us this”. The automated system does not know yet that you or or your tax professional set up a payment plan. The IRS automated system is always behind, look a it as an old news regurgitator. Although, it is a way to let taxpayers know what can happen if actions aren’t taken.

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Tax Service Reviews

  • Tax Service Masters is the best!!! They did an amazing job settling my debt with IRS! Fair prices and high-quality service with results.

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    March 1, 2023

    Не каждый день в жизни встречаешь компетентных, профессиональных и отзывчивых людей. Ирина — одна из них. Большое спасибо за ваш совет!!! Я ваш клиент!!! It's not every day in your... More Tax Reviews

    Igor Blintsov Avatar Igor Blintsov
    August 1, 2023
  • Outstanding Service! Irnya is the best! I will definitely use them again!

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    December 1, 2022

    Very easy to work with and professional.

    Matthew Schmidt Avatar Matthew Schmidt
    November 3, 2023
  • Very professional! Recommend.

    Michael Halprin Avatar Michael Halprin
    November 1, 2023

    This year we were forced to change the old accountant. Came here on a recommendation and we were pleased. Professionally, fast, easy, fair price, understandable. Definitely recommended.

    Eugene Pustovalov Avatar Eugene Pustovalov
    March 1, 2023
  • Nice to work with!

    David Chambers Avatar David Chambers
    November 3, 2023

    Iryna and Joseph are super professional, and their rate very affordable. I am so glad I found them. My situation is complex and they helped me a lot, I would... More Tax Reviews

    TakeaBreath Club Avatar TakeaBreath Club
    July 1, 2023
  • Thank you very much Iryna . You are a professional. My recommendations

    Aliona Taranenka Avatar Aliona Taranenka
    December 1, 2022

    Tax Service Masters by far exceeds any expectations and good experiences I have ever had with personal and business taxes. The minute I walked in, I was amazed by the... More Tax Reviews

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    Michael Lara Avatar Michael Lara
    December 1, 2022
  • Iryna is just amazing! Not only is she incredibly personable but very knowledge and overall easy to work with. I have only ever had good experiences and have greatly appreciated... More Tax Reviews

    Bella scramoncin Avatar Bella scramoncin
    November 3, 2023

    Работать с отличным профессионалом это большая удача. Ирина все выполняет качественно, внимательно и ответственно. Она готовит мои налоговые декларации на протяжении многих лет, она решала вопросы и для бизнеса, и... More Tax Reviews

    Tatiana Bertram Avatar Tatiana Bertram
    December 1, 2021
  • We know Irina around 3 years. She is professional and good person) We like her service in accounting and tax documentation.

    Нина Худабердиева Avatar Нина Худабердиева
    December 1, 2021

    This was my first time coming to this place. Never heard of them before, but I was very impressed. Joseph and Iryna were very knowledgeable, respectful, and professional. This is... More Tax Reviews

    J E Avatar J E
    March 1, 2023
  • My accountant of many years really put me in a bind, she had me three years behind on my taxes. I found the Tax Service Masters, not only was Mr.... More Tax Reviews

    Josh Spoto Avatar Josh Spoto
    December 1, 2021

    Excellent service! Always works diligently and in the client’s best interests!

    J Brensel Avatar J Brensel
    November 3, 2023
  • If you are looking for a professional CPA to prepare your taxes, I highly recommend Tax Service Masters.

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    December 1, 2021

    Service was amazing fast and easy, For sure I’m coming back next year.

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    December 1, 2021
  • Fast and reliable

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    December 1, 2021

    Service was super fast and very professional. I would highly recommend Iryna for your accounting needs.

    Alex Mak Avatar Alex Mak
    December 1, 2021