What is an installment agreement?
An installment agreement is a payment plan that allows taxpayers to pay off their tax debt in monthly payments over time.
How do I qualify for an installment agreement?
To qualify for an installment agreement, you must file all required tax returns and owe $50,000 or less in combined tax, penalties, and interest.
What are the terms of an installment agreement?
The terms of an installment agreement depend on your financial situation. Generally, agreements last for 72 months or less and require monthly payments.
How do I apply for an installment agreement?
You can apply for an installment agreement online, by phone, or by mail. The IRS will require you to provide financial information to determine your ability to pay.
What happens if I default on my installment agreement?
If you default on your installment agreement, the IRS may accelerate the balance due and take collection action, such as wage garnishment or bank levy.
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Services
Offer in Compromise
Allows eligible taxpayers to settle their tax debt for less than the full amount owed.
Payment Plan
Allows eligible taxpayers to pay their taxes within an extended timeframe. In some circumstances, taxpayers can settle for less than what they owe.
Read MoreRemoval of Federal Tax Liens
Explores different ways to release the taxpayer from a tax lien burden.
Penalty Abatement
Procures an administrative waiver for certain types of penalties if some conditions are met.
Innocent Spouse Relief
Seeks relief from tax debts if spouse improperly reported/omitted items on your tax return.
Read MoreIRS Bank Levy
Provides interaction with the IRS and Bank to grant you access to the funds in your accounts.
941 Payroll Tax Issues
Offers taxpayers representation to settle payroll tax non-compliance.
Wage Garnishment release
Explores different ways to release the taxpayer from a wage garnishment.
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