IRS Payment Plan can be a perfect solution if you are unable to pay your taxes in full and at the same time are not eligible for Offer in Compromise or Currently Non-Collectible status.
 
IRS offers 2 options for the taxpayers:

• Short-term Payment Plan
• Long-term Installment Agreement
 
If you can’t pay in full immediately, you may qualify for additional time – up to 180 days – to pay in full.

There’s no fee for this full payment; however, interest and any applicable penalties continue to accrue until your liability is paid in full.

If you’re not able to pay your balance in full immediately or within 180 days, you may qualify for a monthly payment plan.

The IRS charges a user fee when you enter into a payment plan; however, if you are a low-income taxpayer, this user fee is reduced and possibly waived or reimbursed when certain conditions apply.

Taxpayers who owe less than $50,000 are generally eligible for the streamlined agreement.

The maximum term for a streamlined agreement is 72 months. In certain circumstances, you can have longer to pay or you can establish an agreement for an amount that is less than the amount of tax you owe.
 
If you have any tax debt, call us immediately. We can help you to avoid a tax lien and minimize your penalties and interest charges.

Before your payment plan request can be considered, you must be current on all filing and payment requirements.

Taxpayers in an open bankruptcy proceeding aren’t generally eligible.