IRS Payment Plan
If you don’t qualify for the IRS Offer in Compromise program, a payment plan may be the way to resolve your problem.
Setting up a payment plan with the IRS gives you a little more time to pay off your tax debts.
IRS suspends all collection activities if you enter into an installment agreement and agree to pay what you can afford each month. IRS agrees to stop collection actions while you make these payments. The IRS has 10 years to collect from you, thus your installment agreement can go on for several years. Installment agreement needs to be approved by the IRS and we will help you ensure it is done correctly.
The amount you will need to pay each month is based on a number of factors, including:
Don’t leave money on the table and allow us to negotiate for you. Please remember that an installment agreement is binding. You must pay the amount agreed-upon on time, every month of the year. If you skip a payment, you usually have 30 days to catch up. If you are not able to get current with your payments, the agreement is canceled.