Installment Plans

Except for the few of our clients who are C-Corp shareholders, the profits from most small businesses flow through to the owners’ personal returns, and are taxed at the individual level. For anyone who was stuck with a higher than expected tax bill, it’s worth mentioning that the IRS is fairly accomodating with installment agreements. They let you pick the amount that you want to pay each month, and then your bank account is automatically debited on the same date each month.

See this link for a brief overview of installment agreements: .

Tags:

No comments yet.

Leave a Reply