What Is an IRS Installment Payment Plan and How To Get One

If you are unable to pay your tax debt in full within the required time, you may qualify for an IRS Installment Payment Plan. You need immediate assistance from an experienced tax attorney to help you qualify and request an IRS Installment Payment Plan that is right for you.

Installment Agreement

Requesting an IRS Installment Payment Plan

Your tax attorney will begin the process by:

  • Determining if you are able to qualify for IRS tax relief and verifying the true amount of your tax debt.  

If you have received an IRS tax notice, check to see if the balance has been included. If not, your tax professional will contact the IRS to confirm the exact amount due which will include all interest, penalties and fines. The correct tax debt information is vital when your tax expert is attempting to determine which IRS Installment Payment Plan will work for you.

  • Completing and filing a Form 9465 Installment Agreement Request. 

Your tax specialist may also use the On-line Payment Agreement Application. You will then be asked to select which day of the month you would like to schedule your payment. You may choose any day between the 1st and 28th.

  • Scheduling a detailed consultation with you to carefully review your needs.

You will be required to examine your financial information in depth to determine the amount you can afford to pay each month. It is imperative to have wise financial guidance at this stage. You always have the option to pay more, but set the monthly payment at an amount you are comfortable with. Never allow the IRS to press you into an IRS Installment Payment Plan you cannot afford. Let your tax attorney do the negotiating on your behalf.

Financial Freedom is Possible

If you owe under $10,000 in back taxes:  The monthly payment amount you are able to pay should allow you to settle your tax debt fully within 36 months.

Once the arrangements have been made and the paperwork completed, your tax professional will mail your request to the IRS. Within thirty days the IRS should send confirmation of acceptance and grant your IRS Installment Payment Plan.

Your tax professional will then notify you to help you get started with the payments. It then becomes your responsibility to make the payments in a timely manner. If you have any trouble paying the monthly amount, it is crucial that you contact your tax specialist immediately.

If you owe under $25,000 and over $10,00 in back taxes:  There are also special IRS Installment Payment Plan options for taxpayers who owe $10,000 to $25,000 allowing 60 months to fully settle you tax debt.

Your tax expert can explain these agreements in detail and determine which one will work for you based on the amount you owe.


Having a Tax Expert Behind You

There is a greater need for IRS negotiation skills when applying for an installment payment plan for larger tax debt amounts.  It is wise to have an experienced tax professional deal with the IRS to obtain a fair and affordable agreement.  In the event you cannot qualify for an IRS Installment Payment Plan, a tax expert will be able to pursue other tax debt settlement options such as:

  • Offer in Compromise
  • Penalty Abatement
  • Avoidance of Wage Garnishments, Liens and Levies