Installment Agreements
INSTALLMENT AGREEMENTS
IRS Installment Agreements – Flexible Payments to fit your budget!
If paying your IRS balance in full isn’t possible, an Installment Agreement may be the solution. This program allows you to spread your tax debt into manageable monthly payments, helping you regain control of your finances without overwhelming pressure. There are various types of installment agreements that you can qualify for based on your financial situation.
At In-Sync Accounting & Consulting, we work with the IRS on your behalf to secure the most favorable payment plan possible, so you can focus on moving forward.
WHAT IS AN INSTALLMENT AGREEMENT?
An Installment Agreement is an IRS-approved payment plan that allows taxpayers to pay back their balance over time. There are different types of agreements based on your financial situation and the amount you owe.
How the IRS decides:
- Your Balance Owed
- Your Income & Expenses
- Your Payment Ability to Make Monthly Payments
If you qualify, you may be able to pay affordable monthly installment payments.
You may qualify if:
- You owe $100,000 or less in combined tax, penalties, and interest
- You’ve filed all required tax returns
- You can demonstrate ability to make regular monthly payments