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IRS Discussion About Payment Plans, Installment Agreements

You can make monthly payments through an installment agreement if you're not financially able to pay your tax debt immediately. However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full. Before you apply:

  • File all required tax returns;
  • Consider other sources (loan or credit card) to pay your tax debt in full to save money;
  • Determine the largest monthly payment you can make ($25 minimum); and
  • Know that your future refunds will be applied to your tax debt until it is paid in full.

Fees for setting up an installment agreement:

  • $52 for a direct debit agreement;
  • $105 for a standard agreement or payroll deduction agreement; or
  • $43 if your income is below a certain level.

Apply for an installment agreement

Understand your agreement, avoid default

To keep your account in good standing:

  • Pay at least your minimum monthly payment when it's due (direct debit or payroll deductions make this easy);
  • Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
  • File all required tax returns on time;
  • Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot);
  • Continue to make all scheduled payments even if we apply your refund to your account balance; and
  • Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).

If you don't receive your statement, send your payment to the address listed in your agreement.

There may be a reinstatement fee if your agreement goes into default. Penalties and interest continue to accrue until your balance is paid in full. If you are in danger of defaulting on your payment agreement for any reason, contact the IRS immediately. The IRS will generally not take enforced collection actions:

  • When an installment agreement is being considered;
  • While an agreement is in effect;
  • For 30 days after a request is rejected, or
  • During the period the IRS evaluates an appeal of a rejected or terminated agreement.
Page Last Reviewed or Updated: 30-Oct-2013

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What if a levy on your wages is causing your family a hardship? The IRS may release a levy, but that doesn't mean that you are exempt from paying the balance. Call TaxSOS.com to seek immediate relief.

    If  you owe the IRS back taxes, you may have already experienced an IRS levy, IRS wage garnishment, seizure, or suffered from the filing of an IRS tax lien.  In that case, your immediate objective is to get relief from the IRS levy or IRS wage garnishment. Your long term plan may involve an Offer in Compromise, installment agreement, innocent spouse relief, or other tax resolution.  As an experienced tax attorney, I work with taxpayers and the IRS to arrive at solutions so that you can get your life back. The IRS levy relief consultation is free.  

    You can put over 25 years of IRS levy relief experience on your side.   All you have to do is to pick up the phone and call me to discuss your IRS levy or other IRS problem.  Reading on the internet about an IRS levy is one thing, but when you need help NOW, you need someone experienced in trench warfare with the seizure arm of the IRS.  You need a solution for your wage garnishment or bank levy.  The call is free  1-866-482-9707.

    Above limited information is intended for informational purposes only.  If legal advice or other expert assistance is required, the services of a competent professional should be sought, and this general information should not be relied upon without such professional assistance.

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