INSTALLMENT AGREEMENTS
Installment agreements allow for the full payment of a tax debt over time, allowing smaller, more manageable amounts, paid usually on a monthly basis. In most cases, the amount of the installment agreement is based on the amount owed and the taxpayer's ability to pay. Taxpayers should be aware that all returns must be filed prior to requesting the agreement and that penalties and interest continue to accrue. The IRS charges a nominal set-up fee for installment agreements.
