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Installment Agreements
The IRS will sometimes allow delinquent taxpayers to arrange payment of their debt in full through smaller, more manageable payments. Generally, the Service requires equal monthly payments. These arrangements are known as Installment Agreements.

The amount of the monthly payment will be based on the amount owed and the ability of the taxpayer to pay within the time table available to the IRS to collect the tax debt.

Due to the fact that an installment agreement is designed to have the taxpayer pay the debt in full and due to the fact that interest and penalties will continue to accrue over the life of the installment agreement, other possibilities, such as an Offer in Compromise, should be thoroughly explored before an installment agreement is finalized.

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