Installment Agreements

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If you can’t pay your tax debt immediately, you’re not alone.

The IRS knows many people can’t afford to pay a huge tax bill in one go, which is why they offer several installment agreement options.

The right payment plan can protect you from aggressive collection actions while you pay what you owe over time.

Types of Installment Agreements

Short-term agreements (180 days) are the easiest to obtain. For amounts that can be paid within six months, the IRS often approves plans with a simple phone call or online application—no financial disclosures required.
Guaranteed agreements are available if you owe $10,000 or less, have filed all required returns, and can pay within three years. The IRS must grant these agreements—they’re legally obligated to accept if you qualify.
Streamlined agreements apply to liabilities under $50,000 payable within six years. These simplified procedures require no detailed financial disclosure and approval is typically automatic if you meet eligibility criteria.
Standard agreements handle larger liabilities or longer terms. You’ll usually need to complete Form 433 documenting your income, expenses, and assets. The IRS uses this to calculate an appropriate payment amount based on your actual ability to pay.

How I Help with Installment Agreements

I analyze your financial situation to determine which agreement type offers the best terms for your circumstances. Sometimes the difference between agreement types means hundreds of dollars per month—or avoiding detailed financial disclosure entirely.

For standard agreements requiring financial disclosure, I help you present your situation in the most favorable light while remaining accurate. Two important provisions—the one-year rule and six-year rule—can maximize payment flexibility when properly applied.

Protecting Your Rights

Once you’re in an approved installment agreement, the IRS generally can’t pursue aggressive collection actions like levies or seizures as long as you stay current. Missing payments can default your agreement and restart collection activities, so choosing a payment amount you can actually maintain is crucial.

If you need help negotiating an installment agreement with the IRS, contact Boss Tax Law today.