The Tax Lady Roni Deutch Help Clients Owing The IRS Nearly $1 Million Through Streamlined Installmen

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 24, 2008 -- North Highlands, CA – In January 2008, The Tax Lady Roni Deutch, and her law firm, helped clients owing the IRS in aggregate $908.648.00 quickly resolve their tax debts through Streamlined Installment Agreements (SIA).

“Finding out you owe back taxes to the IRS can be frightening, especially during tax season” claims The Tax Lady Roni Deutch. “Fortunately, if you meet certain qualifications, you can settle your tax liabilities in under a few weeks with a Streamlined Installment Agreement. Then you can repay your tax liabilities through easy to manage monthly payments.”

In January 2008, Ms. Deutch and her law firm, Roni Lynn Deutch, A Professional Tax Corporation, represented a group of taxpayers that owed in aggregate nearly $1 million to the IRS. On average, each client owed approximately $14,000.00. By negotiating with the IRS, Ms. Deutch and her law firm were able to get these clients on installment plans averaging only $256.97 per month. Some of the monthly amounts were even as low as $35.00. For more information, see the attached chart.

“Our nation’s economy isn’t in the same state it was ten years ago,” claims Ms. Deutch. “Every day we hear new stories about record high home foreclosure rates across the country. When someone falls into debt and has to struggle to put food on the table, repaying Uncle Sam is probably their last priority. Fortunately, an Installment Agreement allows these taxpayers to get themselves back on track and repay the IRS through low, manageable monthly payments.”

Depending on a taxpayer’s unique financial situation and the amount of time left that the IRS has to collect a liability, an Installment Agreement may (IA) pay back all or part of the total back taxes owed. Fortunately, once an IA is established the IRS will suspend all of their collection efforts and will refrain from sending any further notices or making phone calls about the debt.

However, with an IA, the taxpayer must prove to the IRS the amount they can afford to pay by providing detailed financial information concerning monthly income and expenses. This can sometimes be an intrusive and time-consuming process. Monthly expenses are further reduced due to the IRS using national averages for food, clothing, personal care, and entertainment expenses, and local averages for housing and utility expenses.

SIAs are one of the variations of the IRS’ popular Installment Agreement program. With an SIA clients can find relief quickly. The IRS also does not request extensive financial information to determine the monthly payment amount. It is simply based upon how much you owe. There are, however, some specific requirements taxpayers must meet to qualify.

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