IRS Payment Plan

IRS Installment Agreements

If you cannot pay your IRS tax bill in full either directly or through the use of loans or credit cards, the IRS offers you partial payment options through an IRS installment agreement. There are three forms of agreements: direct debit from your bank account, payroll deduction from your employer, or routine installment agreement. Your payment amount is based on your ability to pay and should be an amount that can be maintained over the lifetime of the installment agreement. Direct debit or payroll deduction installment agreements provide you with the opportunity to make timely payments automatically and therefore reduce the possibility of defaulting the agreement.

If the IRS installment agreement is approved, a one-time user fee of will be charged and deducted from the first payment. To initiate a payroll deduction installment agreement, you need to submit the payroll deduction agreement, Form 2159, which also needs to be completed by your employer. Remember, penalties and interest will be added to the balance due even if an installment agreement is approved.

In negotiating long-term IRS installment agreements, our main objective is to insure that the IRS does not impose unreasonable repayment demands, thus leaving the taxpayer unable to meet their monthly obligations.

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