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Ask Lane Your Own Question
Category: Tax
Satisfied Customers: 9712
Experience:  Law Degree, specialization in Tax Law and Corporate Law, CFP and MBA, Providing Financial & Tax advice since 1986
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I received a state tax execution and I tried to call, and I

Customer Question

I received a state tax execution and I tried to call, and I am not sure how to proceed.
JA: Thanks. Can you give me any more details about your issue?
Customer: I have unpaid tax, interest and penalties from 2012 and 2008. The interest is as much as the tax. I would like to reduce interest and penalties and get on a payment plan.
JA: OK got it. Last thing — Tax Professionals generally expect a deposit of about $32 to help with your type of question (you only pay if satisfied). Now I'm going to take you to a page to place a secure deposit with JustAnswer. Don't worry, this chat is saved. After that, we will finish helping you.
Submitted: 6 months ago.
Category: Tax
Expert:  Lane replied 6 months ago.
Hi,...I can help here...Can you please tell me the state?......I hold a law degree (JD, Juris Doctorate), with concentration in Tax Law, Estate law & Corporate law, an MBA, with specialization in finance & tax, as well as CFP® and CRPS designations. - I’ve been providing financial, Social Security & Medicare, estate, corporate & tax advice since 1986.
Customer: replied 6 months ago.
Expert:  Lane replied 6 months ago.
OK. Here's GA's publication on Payment Agreements:...If you owe a tax debt to the Georgia Department of Revenue and cannot afford to pay it all at once, you can request a payment agreement to settle your debt over time. Payment agreements generally last no longer than 36 months.... The Department will not approve a request for a payment agreement if:The taxpayer is in bankruptcyThe taxpayer has a pending offer in compromise application filed with the DepartmentThe taxpayer has not filed all state tax returns required to be filed with the DepartmentThe tax debt has been assigned to one of the Department’s private collection agencies...You request a payment agreement for the debt you owe the Department and propose a payment amount and schedule....You can do this online using the Georgia Tax Center. Y...You can also complete an installment agreement form and mail it to the Department. Please note that your request for a payment plan will be processed more quickly online than using the paper form.
Expert:  Lane replied 6 months ago.
Sorry, here's the link for the GA tax Center:
Expert:  Lane replied 6 months ago.
There's also the possibility of what's called an Offer in Compromise: Form OIC-1 Offer in Compromise Application.pdf
Expert:  Lane replied 6 months ago.
Customer: replied 6 months ago.
can you apply for both installment plan and offer in compromise?
Expert:  Lane replied 6 months ago.
Not simultaneously... I would ask for the installment plan to "stop the locomotive," to give yourself time to work through the OIC.
Expert:  Lane replied 6 months ago.
You might want to consider using a firm like this ... The [OIC] can be tedious AND can easily get kicked back if the forms aren't done correctly (I have no association)...

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