How Christopher G Carmona CPA, APC Helps Clients That Can’t Pay Their Taxes

At Christopher G Carmona CPA, APC, we are a CPA Firm that strives to prepare returns at affordable prices while minimizing taxes for clients. We listen carefully to understand our client’s concerns. Therefore, we like to find solutions to the tax problems they may have with the Internal Revenue Service (IRS). Please keep reading to learn how we help clients that can’t pay their taxes. 

The Challenge: The client cannot meet their tax obligations

For various reasons, our clients cannot afford to pay the total tax they owe to the IRS. On these occasions, taxpayers must submit an RCP “Reasonable Collection Potential” analysis to indicate that they can make some payments. Since the amount is insufficient to pay the total liability within the time remaining on the Collection Statute, the IRS will offer a compromise.

The Solution: Arrange Partial-Pay Installment Agreement (“PPIA”)

A Partial-Pay Installment Agreement (“PPIA”) is reached when a taxpayer provides the relevant financial information to the IRS. We help to make the process seamless, which creates peace of mind for the client.

The Bottom Line

The PPIA is just like a regular installment agreement, except that the IRS will revisit the taxpayer every eighteen months to ascertain if their ability to pay has improved.

If you face a similar challenge, get in touch with Christopher G Carmona, CPA, APC, today.

As the best CPA Firm in Diamond Bar, CA, we have over fifteen years of experience providing quality services that add value to clients.

Our trusted services include assisting with IRS notices, IRS audits, IRS penalties, unfiled tax returns, innocent spouse relief, and IRS payroll tax debt relief. We also help clients that owe the IRS money.

We serve clients across Diamond Bar, Los Angeles, Oceanside, Orange County, Riverside County, San Diego County, and the surrounding areas. 

To get started, get in touch with us by clicking here. To learn more about how we can help you, please click here. Or, to read what our clients are saying about us, please click here.