IRS Payment Plans (Installment Agreements)
If you owe the IRS but can’t afford to pay your tax bill in full, an IRS Installment Agreement (also called a payment plan) may allow you to pay your balance through affordable monthly payments.
Once you’re approved and make your payments on time, you can avoid additional collection actions such as wage garnishments, bank levies, and tax liens, while working toward paying off your tax debt.
Who May Qualify?
Eligibility depends on your financial situation and the amount you owe. In general:
- Individuals typically qualify if they owe below certain IRS limits and are current on all required tax filings.
- Businesses may also qualify if they meet IRS balance and filing requirements.
Even if you don’t meet the standard requirements, other payment options may still be available.
Don’t Accept the First Offer Without Reviewing It
The IRS may propose a monthly payment that is much higher than what you can realistically afford. While the IRS wants to collect the full amount owed as quickly as possible, you have the right to request a payment plan based on your financial circumstances.
An experienced tax professional can review your income, expenses, and assets to help negotiate a payment that is both reasonable and acceptable to the IRS.
How We Can Help
Applying for an IRS payment plan is more than filling out forms. We work with you to:
- Review your financial situation.
- Determine which payment option best fits your needs.
- Prepare and submit the required IRS paperwork.
- Negotiate affordable monthly payments when appropriate.
- Communicate with the IRS on your behalf throughout the process.
Led by CPA Roland Zita, with support from experienced Enrolled Agents and tax resolution professionals, our team understands how the IRS evaluates payment plans and works to secure the best possible outcome for your situation.
Get Started Today
If you’re struggling with IRS tax debt, you don’t have to face it alone. We’ll help you understand your options and guide you through the payment plan process from start to finish.
Schedule a free, confidential consultation to find out whether an IRS Installment Agreement or another tax relief solution is right for you.