Alana Tax Group

Tax Resolution Services

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CP89: ANNUAL INSTALLMENT AGREEMENT STATEMENT

CP89: ANNUAL INSTALLMENT AGREEMENT STATEMENT

Why are you receiving this letter?

You received this Notice because you have entered into an installment agreement with the IRS to pay off your tax balance. The purpose of this letter is to detail the payments made to date.

The IRS will include a page titled Installment Agreement Activity, which sometimes confuses taxpayers. The confusing comes from the “penalty added” and “interest added” columns.

The amounts reported actually show the total amount of penalties and interest ( not yearly) added since the tax return was filed. This is a standing balance that will increase slightly every year.

What should you do about this notice?

Read your notice carefully. It provides a history of the payments made to the IRS for the past year.

If you made payments and do not see them, contact the IRS to provide proof of payment.

What if I can no longer pay my installment payments?

If you can’t pay the balance, don’t worry- EVERY case has a solution. The IRS offers a number of solutions such as CNC Status to help resolve your tax issues. Some of these programs, such as Offer in Compromise and penalty abatement, have the potential to decrease the taxes owed.

Don’t face your tax problems alone, tax Resolutions cases, can be extremely complex, and a licensed tax professional, can help you find the most appropriate solution to your tax problem.

Call Alana Tax group, and we will immediately protect you from the IRS and take over all communication.

Just Because You Owe Taxes...
Doesn't Always Mean You Have to Pay Them

Alana Tax Group Can Help You.
Schedule a FREE
Professional Consultation
CALL US 855-472-8294

    
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Our Services

  • Offer In Compromise (OIC)
  • Stop Wage Garnishments
  • Remove IRS Tax Liens
  • Release IRS Bank Levies
  • Installment Agreements
  • Currently Not Collectable Status (CNC)
  • IRS Penalty Abatement
  • Innocent Spouse Relief
  • Trust Fund Recovery Penalty
  • IRS & State Audit Representation
  • Tax Return Preparation/Unfiled Tax Returns
  • Business Tax and Employment Tax 940/941
  • Sales Tax Audits
  • IRS Summons / Appeals / CDP Hearings
  • Bankruptcy Tax Analysis
  • State & Local Taxes
  • Report of Foreign Banks & Financial Accounts (FBAR)

Alana Tax Group

Services

  • Offer In Compromise (OIC)
  • Stop Wage Garnishments
  • Remove IRS Tax Liens
  • Release IRS Bank Levies
  • Installment Agreements
  • Currently Not Collectable Status (CNC)
  • IRS Penalty Abatement
  • Innocent Spouse Relief
  • Trust Fund Recovery Penalty
  • IRS & State Audit Representation
  • Tax Return Preparation/Unfiled Tax Returns
  • Business Tax and Employment Tax 940/941
  • Sales Tax Audits
  • IRS Summons / Appeals / CDP Hearings
  • Bankruptcy Tax Analysis
  • State & Local Taxes
  • Report of Foreign Banks & Financial Accounts (FBAR)

Alana Tax Group

Contact

ALANA TAX GROUP
855-472-8294
15335 MORRISON ST, UNIT 245 SHERMAN OAKS, CA 91403
  
    

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