Struggling with IRS tax debt? Don’t let it stress you out. A Guaranteed Installment Agreement (GIA) might be the perfect solution.
Unlike other payment plans, a GIA is guaranteed by law. This means if you meet the basic requirements, you’re almost certain to be approved.
So, who qualifies? Individuals with $10,000 or less in assessed tax can apply. And the best part? You can make payments as low as $25.
Ready to get started? Let’s break down the process and see if a GIA suits you.
To qualify for a Guaranteed Installment Agreement (GIA), you must meet the following criteria:
Note: Even if you haven’t filed your tax return for the current year, you can still qualify if you have filed the previous five years and have obtained an extension. However, you must make all your payments on time to maintain the agreement.
There are two main ways to request a Guaranteed Installment Agreement (GIA) with the IRS:
Important Note: When requesting a GIA, be sure to indicate your monthly payment amount. This amount should be sufficient to pay off your tax debt, interest, and penalties within the agreed-upon timeframe.
Automated Tax Credits simplify the complex process of applying for a Guaranteed Installment Agreement (GIA). Our platform provides clear guidance and all the necessary forms, making navigating the application process easy without the need for costly tax firm assistance.
Automated Tax Credits can save you thousands of dollars in tax firm fees. Our service is designed to be affordable and accessible, ensuring that you keep more of your hard-earned money.
The Automated Tax Credits Team can assist you throughout the application process. We can provide guidance, answer your questions, and help ensure your application is complete and accurate.
With Automated Tax Credits, you can rest assured that your application will be processed efficiently and effectively. We’re committed to ensuring a successful outcome and controlling your tax debt.
Choose Automated Tax Credits for a hassle-free, cost-effective, and expert-guided approach to your Guaranteed Installment Agreement application.
A GIA is a type of payment plan offered by the IRS that allows taxpayers with less than $10,000 in assessed tax to pay off their debt in installments.
To qualify, you must:
Your monthly payments will depend on your total debt and the agreed-upon repayment period. However, you can typically make payments as low as $25.
You can apply online through the IRS’s Online Payment Agreement (OPA) or by Mail using Form 9465.
There is a setup fee associated with a GIA, though it varies depending on the payment method and your income level. For example, the setup fee for direct debit agreements done through the OPA is $31, while for other OPA agreements, it’s $149.
Your GIA and the IRS may terminate the agreement if you miss a payment. This can result in additional penalties and interest on your outstanding debt.
Get a free case evaluation to solve your tax related issues.
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