IRS & NY Tax Payment Plans

Need a Payment Plan on Tax Debt? You’re in the Right Place

You want to pay your New York State taxes or IRS debt, but you’re unsure you can do so right now. You’re worried about not being able to pay in full, and you’re not sure of the options.

We can help. When you contact McLaud Law P.C., we go to work building a strategy that aligns with your financial situation, including: 

• Determining which payment options are best suited for your current financial situation.
• Helping you explore payment plans for business and personal taxes.
• Taking a coordinated approach to IRS and state tax debt. 
• Helping you handle all IRS and NYS tax notices and warnings.
• Applying for penalty abatement if you qualify.

McLaud Law P.C. is deeply experienced in helping taxpayers set up both IRS payment plans and NYS Department of Taxation and Finance payment plans. But first, we’ll ensure this is the best solution for your situation. 

When Tax Payment Plans Are the Right Solution

You may benefit from a tax payment plan if any of the following apply:

• You owe taxes, but cannot pay in full immediately.
• You want to avoid aggressive collection actions from the IRS or NYS.
• The IRS or NYS sent notices to you demanding payment.
• You’re a business owner dealing with payroll or sales tax liabilities.
• You are ready to get into compliance to stop penalties from escalating.

When you reach out to our tax resolution professionals, we will provide straightforward, clear insight into your legal options. You will know if you can use a payment plan for unpaid taxes, what strategies best align with your needs, and what the taxing agencies expect.

How Tax Debt Becomes a Larger Problem

If you put off resolving your tax debt for too long, you could face increasingly challenging complications. Here’s how tax debt escalates if you don’t set up payments or secure a resolution:

• Interest and penalties grow: It’s often shocking just how costly your initial unpaid balance becomes when penalties and interest accrue.
• Notices become increasingly urgent: IRS collection notices start as friendly reminders but quickly become demands for payment and eventually escalate into collection warnings. 
• You risk facing collection actions. You could face a tax lien on your assets. In some cases, you may face an IRS tax levy or wage garnishment from the state or the IRS.
• Financial strain worsens. As the tax debt grows, your concerns build. It may impact your confidence, peace of mind, and personal and business finances.
• Limited resolution options. With ongoing delays, you may limit access to some of the most important tax debt resolutions available to you now.

The reality is that nonpayment costs you. Even if you cannot pay in full, pay immediately, or pay at all, working with our tax attorney empowers you to stop the worsening of the situation.

How McLaud Law Helps You Set Up a Payment Plan

It’s frustrating to want to pay your taxes but to be unable to pay in full. Our process will help you get past frustration so you can move forward with your life. 

• Review: We gather all the information related to your tax debt. This includes all taxes owed to the IRS or NYS. We verify the accuracy of what you owe, the type of taxes, and any applicable deadlines.
• Eligibility determination: We consider all types of payment plan options available through either agency and offer recommendations to you. If another resolution option is better for your case, we’ll let you know. We’ll also help you understand and meet compliance obligations, like submitting unfiled returns. 
• Submit a request: Our attorney handles the preparation and submission of the installment agreement request or any other relief forms as needed. This eliminates the risk of concerns or omissions that create costly delays and denials.
• Negotiation: Whenever possible, we negotiate on your behalf. That may include, for example, requesting a reduction of penalties or arguing for lower monthly payments. There’s no reason to overpay.
• Resolution: The final step is getting you approved for the payment plan that’s best for your situation. We’ll explain everything you need to know to make payments on time and stay compliant moving forward.

When you work with McLaud Law P.C., you get repayment plans that are realistic for your situation. Our attorney is focused on long-term relief, meaning you don’t have to worry about unaffordable payments. Tired of talking with the IRS and dealing with letters? Then, it’s time to let us handle the situation. 

Potential IRS & NY Payment Plan Options

Our team of tax resolution professionals will review all available tax relief solutions available to you and create a plan that aligns with your needs. The following are some of the most commonly used methods:

• Simple payment plans: Take until the collection expiration date (10 years after assessment) to repay up to $50,000 in individual or business tax debt, or up to $25,000 in trust fund tax debt.
• Installment agreements on higher levels of tax debt: If you don’t qualify for the Simple Plan, we’ll help you explore other options, and if needed, we’ll prepare financial statements to help you get approved. 
• Payment plans on payroll taxes: The IRS has specific options for payroll or other federal trust fund tax debt. 
• Partial payment installment agreements: If you can’t afford the monthly payments on a traditional plan, a PPIA can let you make lower payments. 
• NYS installment agreements: Set up monthly payments on individual or business tax debt owed to New York State.

If you cannot afford a payment plan, we will help you consider alternatives. This includes offer in compromise settlements or hardship status.

When to Hire a Professional for a Payment Plan

There is never a bad time to reach out to our tax attorney. We are here to support you, no matter how straightforward or complex your situation is. 

In the following situations, we strongly suggest speaking with our tax attorney before agreeing to any payment plans or strategies.

• You owe large tax balances, specifically those who owe $50,000 or more, which may trigger serious collection efforts.
• You owe tax debt from multiple years or have unfiled tax returns.
• The IRS or NYS has initiated collection actions against you.
• You have any type of business tax problems, including tax debt from payroll or unpaid NY sales tax.
• You defaulted on a prior payment plan.
• There is uncertainty in what you owe, if you owe, or why you owe.

However, not everyone needs help. If you’re dealing with a small balance, you may feel comfortable setting up payments with the NY DTF or the IRS on your own. If you’re not sure, reach out for a consultation. 

Why Choose McLaud Law

McLaud Law P.C. is an experienced IRS and NYS tax resolution firm with a strong record of helping people get back on track. We are a non-judgmental, proven law firm with a strong team of tax resolution professionals dedicated to navigating even the most challenging tax matters. 

When you contact us for IRS or New York State tax payment plan help, you can expect:

• Authentic representation from a tax attorney and enrolled agents.
• Representation for both the IRS and the NYS Department of Taxation and Finance.
• Practical, sustainable resolution strategies that align with your real-world situation.
• Professional, private handling of your sensitive financial information.

Our Rochester-based office welcomes you to come in for a consultation, or you can connect with us digitally. We represent clients throughout New York State.

Frequently Asked Questions 

How do IRS payment plans work?

If you cannot pay all taxes you owe now, in full, you may request that the IRS provide a short-term or long-term payment plan. This agreement allows you to pay taxes to the IRS in monthly payments over an extended period.

Can I set up a payment plan with New York State taxes?

Yes. Our lawyer can help you establish a NY tax payment plan that aligns with your specific needs.

How much will my monthly payment be?

The answer to this will depend on your individual circumstances. How much tax you owe, whether it is to the IRS, NYS, or both, what your income and expenses are, how long you have owed the taxes, and other factors will all contribute to determining what your payment must be, which is why it’s best to work with an experienced tax professional to evaluate your case.

Can the IRS reject a payment plan request?

Yes, the IRS can and does reject installment agreement requests. Most of the time, this happens if you have unfiled tax returns or you’ve recently defaulted on a payment plan. However, rejections can also happen if you’re dealing with trust fund taxes and the IRS thinks you can afford to pay in full or they see a high risk of default.

What happens if I miss a payment?

If you fail to make a payment on time, your plan is in jeopardy, but usually, you have 30 days to make up the missing payment. The IRS will send you a notice. If you don’t pay the missed payment by the deadline, they can put your plan into default and pursue collections. 

Getting Help Setting Up a Tax Payment Plan

McLaud Law P.C. offers real solutions to your payment plan needs. Speak to our tax attorney in New York for support in negotiating and setting up an installment agreement. Setting up payments stops the IRS and the state from pursuing involuntary collections against you and puts you on a path to being free of your tax debt. 

Don’t wait to get help – request a free consultation with McLaud Law P.C. now.

This communication is Attorney Advertising. It is presented for informational purposes only and does not constitute legal advice. Every legal situation is different, and prior results do not guarantee a similar outcome. This communication does not create an attorney-client relationship between McLaud Law P.C. and the recipient.