• 6550 Rock Spring Drive, Suite 530, Bethesda, MD 20817
  • 301-962-1700
  • mendoza@mendozaco.com

Installment Agreements

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6550 Rock Spring Drive, Suite 530 Bethesda, MD 20817

  • (301) 962-1700
  • mendoza@mendozaco.com

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  • Payroll Login

At Mendoza,Silva & Company, we provide unique access to an exclusive and diverse network of world-class experts, enabling us to deliver powerful insight and strategies to get you out of your immediate trouble with the IRS, get you debt free with the IRS, fix whatever problem got you into tax trouble, so that it will not happen again, and then raise your business to the next level, so that you are actually better off after your tax issues than you were before.


Our advisers are specialist in their own fields, and together with them, we form an all-inclusive, holistic, and cohesive team that can meet all of our clients’ needs.

Attorneys, CPAs, EAs and Tax Return Preparers

Full Payment Agreements of up to 120 days

If you can't pay in full immediately, you may qualify for additional time --up to 120 days-- to pay in full. There's no fee for this full payment agreement; however, interest and any applicable penalties continue to accrue until your liability is paid in full. You may be able to set up this agreement using the Online Payment Agreement (OPA) application or by calling us at 301-962-1700.

Installment Agreements

If you're not able to pay your balance in full immediately or within 120 days, you may qualify for a monthly installment agreement. An installment agreement allows you to make a series of monthly payments over time. The installment agreement is based on you economical needs and not the what the IRS recommends you pay.

Don’t offer to pay more than you can reasonably afford. Once the IRS takes you up on your offer, you can’t renegotiate your agreement easily. So leave a cushion in your budget every month beyond the payment to the IRS for unforeseen expenses and emergencies. At the time you turn in your paperwork, offer to make a payment right then. The IRS typically takes a few months to get you all the paperwork detailing your IRS monthly installment plan, so making payments before the plan is finalized shows you can make the payments proposed. This may encourage the IRS to more readily accept your proposal.

The Prerequisites

Before you can file an application to request a payment plan with the IRS, you have to be in compliance with filing all tax returns and current with estimated tax payments. Having past due tax returns automatically disqualifies you from setting up a monthly installment plan. You must satisfy other conditions as well. For instance:

  • Individuals cannot owe more than $50,000, including past due income tax, late fees, and penalties. If you’re considered self-employed, you must be up-to-date on all your quarterly estimated tax payments for the year.
  • Businesses cannot owe more than $25,000 in payroll taxes and must be current on filing income tax returns.

The IRS offers various options for making monthly payments:

  • Direct debit from your bank account,
  • Payroll deduction from your employer,
  • Payment by Electronic Federal Tax Payment System (EFTPS),
  • Payment by credit card via phone or Internet, or
  • Payment via check

The IRS charges a user fee when you enter into a standard installment agreement or a payroll deduction agreement. See Additional Information on Payment Plans for more details.

  • If you haven't filed your return yet, you may submit Form 9465.pdf.
  • If you have filed your tax return and can't pay in full, you may request an installment agreement for your current tax liabilities using the OPA application. Even if the IRS hasn't yet issued you a bill, you may establish a pre-assessed agreement by entering the balance you'll owe from your tax return or notice of deficiency when prompted by OPA.
  • If you can't provide full payment after receiving a bill from the IRS call us.

Before your installment agreement request can be considered, you must be current on all filing and payment requirements. Taxpayers in an open bankruptcy proceeding aren't eligible. You must specify the amount you can pay and the day of the month. You should base your monthly installment payment amount on your ability to pay and it should be an amount you can pay each month to avoid defaulting. Your payment date can be any day from the first to the 28th. 

For a direct debit installment agreement, you must provide your checking account number, your bank routing number, and written authorization to initiate the automated withdrawal of the payment. 

We are what you’re looking for!

Mendoza, Silva & Company, Inc. services individuals, nonprofits, international companies, and small businesses with monthly and annual accounting needs. We specialize in various sectors: accounting, tax preparation, tax compliance, and representing taxpayers with matters involving the IRS and state tax authorities. Our practice can help your company with other services such as weekly and bi-weekly payroll, and payroll reporting services on an online portal with a convenient and cost-effective online support system that provide superior results.

Our goal at Mendoza, Silva & Company is to assist our clients in the process of running a business and providing a network of professionals to assist both the individual and businesses.  We satisfy our clients by offering exceptional service with a full staff of experienced professionals. To promote effective communication, we provide ongoing online interactive support during all phases of our work and make it easy for our clients to do business with us. Call us today and schedule an appointment!

 

 

Owing the IRS is the worst thing that can happen to an individual taxpayer or company. The IRS can take everything you own to satisfy a debt, and they scare and intimidate many individuals. If the tax notices are coming and accumulating, you may have a critical tax problem.  Don’t let this happen to you. Get help and protect your rights and property.

What is Tax Resolution?

Many taxpayers find it difficult to deal with the IRS alone and look for help. Fortunately, we specialize in tax resolution services to help mitigiate or resolve matters with the IRS or state tax authorities.

Our tax resolutions services help clients resolve critical tax debts such as payroll garnishments, individual income tax, business income tax, employer payroll taxes, liens, and bank levies with the IRS and state tax authorities by providing an affordable payment solution with the government on behalf of our clients. 

What do we do?

 
  • The first step is to stop the collection and harassment from the tax authorities. 
  • The second is to reduce our client’s stress by handling all communication on behalf of the client. We will fully represent the client and deal with the tax authorities. The client can regain peace of mind knowing that his/her rights are protected, and a resolution is on the way. 
  • The third step is to minimize the debt as much as possible and establish a payment alternative to the client's benefit.

How is it done?

Our tax resolution specialist meets with the client and gathers the financial information to analyze the client’s financial position and current personal needs before considering the government’s objectives. Before we establish a tax payment alternative and deal with the IRS, the client’s current and future mortgage payments, utilities, food, clothing, cars obligations, children’s economic needs and other necessary living expenses need to be allocated and protected before funds can be disbursed to pay the tax debt. The remaining funds are called the client’s “ability to pay,” “current available income,” or “future income” available to pay the tax debt. 

A financial evaluation is then prepared on behalf of the client’s interest and protecting the client’s rights. The financial analysis stops the government harassment and determines which settlement option is within the client's means and NOT based on the government's greed. A solution to your tax problems is just a call away. 

Call us and schedule a tax consultation. 

Tax Resolution services include:

 
  • Offer in Compromise
  • Installment Agreement
  • Penalty Abatement
  • Innocent Spouse Relief
  • Audit Tax Representation
  • Liens
  • Levis
  • Trust Fund Recovering
  • Multi Year Unfiled Tax Returns

 



Form 1040, Form 1120 and 1120s, Form 1065 and Gift Taxes.

With over 20 years experience preparing individuals, businesses, trusts and retirement tax returns, we are the firm for handling your tax returns.

Tax preparation is not an easy task. With the new 2018 tax changes, you have a higher chance of making a mistake and paying more in taxes than the fee for professional tax preparation. Mendoza, Silva & Company tax professionals are Maryland licensed and approved by the IRS to represent you. 

Preparing your income tax return can be a task that leaves you with more questions than answers. According to a national survey by the US Government’s General Accounting Office, “77 percent of taxpayers said they were very or generally confident that their preparer completed a tax return that allowed them to pay no more in taxes than was legally required. In addition, the survey showed that 87 percent of taxpayers would use a paid preparer in the future."

Whether we like it or not, today’s tax laws have become so convoluted that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits you are entitled to. 

Here’s what you get…

 
  • Your tax return is prepared by a Maryland licensed preparer and in good standing with the Department of Labor, Licensing, and Regulation.
  • Individuals, Business, Gift & Trust, Retirement, and States Tax Returns
  • 20+ years of tax experience without a client being called for a tax audit,
  • Free e-filed returns so you will get a refund quicker,
  • We explain potential deductions to limit your tax liability for next year
  • We are an accounting firm open all year, unlike seasonable tax preparation services which close their doors after April 15th and you are left on your own.
  • Tax Audit Experience.
   

Not Organized? No Problem! If you own a small business and haven’t kept up your bookkeeping, don’t worry. We can help you. We’ll prepare your bookkeeping for the full year; prepare a full Schedule C, Corporate and Partnership taxes, as well as your personal income tax return. Call us and schedule an appointment.

 

 

About Us

Mendoza & Company, Inc. is a full-service accounting, Payroll, and Tax Resolution firm in Bethesda, MD and Miami, FL. As a client, you gain a professional team with expertise in multiple fields, providing you the right advice to strengthens your organization and long-term goals.

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