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How to Stop Collections (Based on What You Owe)

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Manage episode 507794678 series 3690196
Content provided by David J Griggs, CPA, David J Griggs, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David J Griggs, CPA, David J Griggs, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

IRS Installment Agreements: How to Stop Collections Based on What You Owe
Hoping your IRS debt will vanish on its own is a natural feeling, but it’s not a strategy and ignoring it invites levies, garnishments, and liens. 💡⚠️
So many people assume they’re trapped, but the IRS offers payment plans (installment agreements) to stop collections and break down debt into manageable payments. The catch? The rules change based on how much you owe:
$10K: Guaranteed approval, no financials needed.
$10K-$50K: Streamlined plans, up to 72 months.
$50K: Requires full financial disclosure (Form 433-F).
$250K: Complex negotiations, often requiring professional help.
One client avoided a levy by making a small payment to drop from $51K to $49K, qualifying for a streamlined plan without intrusive paperwork. 👉 Strategic action saved them time, stress, and money.
Here’s how to get started:
🔸 File all past-due returns – Compliance is non-negotiable.
🔸 Know your balance thresholds – A few dollars can change everything.
🔸 Avoid default – Miss one payment, and the IRS restarts collections.
🔸 Get expert guidance – We navigate the rules so you don’t face them alone.
Hope isn’t a strategy—preparation is. DM me to find the right plan for your debt.
#IRS #InstallmentAgreement #TaxDebt #StopCollections #PaymentPlan #WeCanHelpIf
you’re struggling with IRS tax debt, you don’t have to face it alone. I help individuals and business owners stop collections, reduce tax debt, and find real solutions that fit their situation.
📌 Book your FREE consultation today and see your options: https://ghl.dgriggscpa.com/free-consultation
👉 Don’t forget to like this video, subscribe to the channel, and hit the bell so you never miss tips on protecting yourself from the IRS.

  continue reading

9 episodes

Artwork
iconShare
 
Manage episode 507794678 series 3690196
Content provided by David J Griggs, CPA, David J Griggs, and CPA. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David J Griggs, CPA, David J Griggs, and CPA or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

IRS Installment Agreements: How to Stop Collections Based on What You Owe
Hoping your IRS debt will vanish on its own is a natural feeling, but it’s not a strategy and ignoring it invites levies, garnishments, and liens. 💡⚠️
So many people assume they’re trapped, but the IRS offers payment plans (installment agreements) to stop collections and break down debt into manageable payments. The catch? The rules change based on how much you owe:
$10K: Guaranteed approval, no financials needed.
$10K-$50K: Streamlined plans, up to 72 months.
$50K: Requires full financial disclosure (Form 433-F).
$250K: Complex negotiations, often requiring professional help.
One client avoided a levy by making a small payment to drop from $51K to $49K, qualifying for a streamlined plan without intrusive paperwork. 👉 Strategic action saved them time, stress, and money.
Here’s how to get started:
🔸 File all past-due returns – Compliance is non-negotiable.
🔸 Know your balance thresholds – A few dollars can change everything.
🔸 Avoid default – Miss one payment, and the IRS restarts collections.
🔸 Get expert guidance – We navigate the rules so you don’t face them alone.
Hope isn’t a strategy—preparation is. DM me to find the right plan for your debt.
#IRS #InstallmentAgreement #TaxDebt #StopCollections #PaymentPlan #WeCanHelpIf
you’re struggling with IRS tax debt, you don’t have to face it alone. I help individuals and business owners stop collections, reduce tax debt, and find real solutions that fit their situation.
📌 Book your FREE consultation today and see your options: https://ghl.dgriggscpa.com/free-consultation
👉 Don’t forget to like this video, subscribe to the channel, and hit the bell so you never miss tips on protecting yourself from the IRS.

  continue reading

9 episodes

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