Lump Sum Payment
Resolving Your Tax Debt in One Payment
If you have the resources to pay off your tax debt at once, a lump sum payment is often the fastest and least costly way to resolve a case with the IRS. Paying in full immediately stops the accrual of additional interest and penalties, and it can also strengthen your negotiating position if part of the balance is disputed or eligible for reduction.
Mitchell St. Louis, P.A. helps clients determine whether a lump sum payment makes sense, confirms the exact payoff amount with the IRS, and negotiates any reductions in penalties or interest before the payment is made.
What we handle:
- Confirming the accurate, current payoff amount with the IRS
- Negotiating penalty abatement or interest reductions before payment
- Coordinating the release of any liens or levies once paid
- Structuring a lump sum settlement as part of a broader Offer in Compromise
- Documenting the resolution to close out your case properly
Why it matters:
Paying the wrong amount, or paying without first negotiating penalties that could have been reduced, can mean paying more than necessary. A quick review before you pay often pays for itself.
Contact Mitchell St. Louis, P.A. today to schedule a consultation before making a lump sum payment to the IRS.
Contact us today to schedule a consultation.
