Accounting News and Notes

Award Winning Roswell, Alpharetta area CPA Provides Sample Installment Agreement Request to Georgia

Georgia, like the IRS, allows both corporate and personal/individual taxpayers, who cannot pay their taxes in full, to set up an installment agreement to pay the taxes over time. Though this is a good plan for many, it is often the most expensive as during the time period, when the payments are being made, both penalties and interest continue to accrue adding even more monies to be due and payable that would otherwise be due.

Often paying the taxes and interest in full while asking for penalty abatement or an Offer in Compromise are frequently good options to consider and evaluate when dealing with Tax Representation Issues and Tax Advocacy. Frequently these options are the best when dealing with a wage garnishment, levy, lien, back taxes or the filing of old past due tax returns. Cover Letters should tell a story leading to the taxing authorities leaning toward agreeing with the particular position you have claimed. If there are any substantive other tax for financial issues that would be important it would be prudent to cover them in the Cover Letter. If you were to submit an individual request to Georgia, for example, here is a Sample Installment Agreement Cover Letter you might use.

Georgia Department of Revenue

Installment Payment Unit

1800 Century Blvd., Ste. 18225

Atlanta, GA 30345 

Enclosures: Power of Attorney and GA Form 9465: Installment Payment Plan Application and IRS letter regarding their Federal Offer in Compromise

Dear Sir or Madam

I am following up on the taxpayers open monies due the state of Georgia and to set up an Installment Agreement thereon. I have also enclosed for your review a copy of the last piece of correspondence regarding their IRS Offer in Compromise. As you can see from the correspondence the taxpayer has no substantive assets, cash flow or funds of any type. This is the most they are able to commit to at this time. Accordingly, please cease all collection efforts while this Installment Agreement is being processed.

I have enclosed GA Form 9465: Installment Payment Plan Application for the above referenced taxpayer listing the most that they would be able to commit to on an monthly basis. The taxpayers are desirous to settling all of their tax debts and this will be a positive step in that direction.

Please accept this Installment Plan as submitted.

Please do not hesitate to contact me if you have any questions or need any additional information.

Sincerely,

John C. Dillard, CPA, PC

Partner in Charge

John Dillard is a Christian Speaker/Author and Certified Public Accountant (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta CPA firm) and for his latest book Overcoming Life’s 9/11’s: Job’s Journey and to learn about his ministry visit http://www.john-dillard.com/ 

Helping Clients with Corporate & Personal Income Taxes, Incorporation Advice, Tax Planning, Virtual CFO, Financing, Business Plans, Back Taxes, Offer in Compromise, Tax Advocacy, Business Acquisitions & Sales, Business Plans, and IRS Representation.

Serving Barrow, Bartow, Carroll, Cherokee, Clayton, Coweta,  Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Walton, Barrow, Bartow, Carroll, Henry, Newton, Bartow, Walton, Rockdale, Barrow, Spalding, Coweta, Dawson, Douglas, Fayette, Newton, Paulding, Spalding, Walton, Henry, Paulding, Douglas, Coweta, Canton, Covington, Douglasville, Druid Hills, East Point, Forest Park, Griffin, Lithonia, Mableton, McDonough, Milton, Mountain Park, Newnan, Powder Springs, Stockbridge, Union City, Villa Rica, Winder, Woodstock,  Smyrna, Sandy Springs, Marietta, East Point, Gainesville, Snellville, Buckhead, Buford, Peachtree City, Dunwoody, Kennesaw, Decatur, Conyers, Stone Mountain, Gwinnett County, North Fulton County, DeKalb County, Hall County, Clayton County, Cobb County, Forsyth County, Hart County, Jefferson County, Duluth, Alpharetta, Johns Creek, Lawrenceville, Milton, Norcross, Snellville, Roswell, Buford, Cumming, Grayson, Lake Hartwell, Suwanee, Sugar Hill, Loganville, Lilburn, Dunwoody, Gainesville, Decatur, and Beyond

Related posts:

1. Georgia Installment Plans & Offers in Compromise
2. Award Winning CPA Helping Georgia Taxpayers Address Back Taxes and IRS Representation Issues for Decades
3. Lawrenceville/Snellville/Buford CPA on IRS Installment Plans/Back Taxes/Offer in Compromise
4. Atlanta CPA Teaches How to use an IRS Installment Plan
5. Duluth GA CPA on Fixing Back Taxes and Installment Plans with the IRS

This entry was posted on Saturday, June 13th, 2009 at 12:58 pm and is filed under Atlanta Back Taxes & Tax Assessments, Atlanta IRS Tax Audit, Lien, Levies & Garnishment, Atlanta Offer in Compromise, IRS & GA Installment Agreements.
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