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 offer a manageable path forward. This IRS program allows qualifying taxpayers to spread their tax debt into monthly payments based on their financial situation, helping reduce pressure while staying compliant.
At In-Sync Accounting & Consulting, we work directly with the IRS to evaluate your eligibility and pursue the most appropriate installment option available under current IRS guidelines.
WHAT IS AN INSTALLMENT AGREEMENT?
An Installment Agreement is an IRS-approved payment plan that allows taxpayers to pay their tax balance over time. The IRS offers several types of installment agreements, each with different eligibility requirements, payment terms, & disclosure rules.
How the IRS decides:
- Your total assessed balance
- Your income, expenses, and allowable living costs
- Your ability to make monthly payments
- Your assets and available equity (for certain agreement types)
Common Types of IRS Installment Agreements include:
- Guaranteed Installment Agreement – For balances up to $10,000, with minimal requirements
- Streamlined / Simple Installment Agreement – For assessed balances up to $50,000, often without financial disclosure
- Non-Streamlined Full-Pay Installment Agreement – For balances between $50,000 and $250,000, with extended terms
- Ability-to-Pay Installment Agreement – Based on detailed financial analysis; no balance limit
- Partial Pay Installment Agreement – Payments are made through the IRS collection statute expiration date (CSED), & remaining balances may be written off if conditions are met
You may qualify for an IRS Installment Agreement if:
- You’re unable to pay your tax balance in full
- You’re current with required tax filings (or can become compliant)
- You can demonstrate the ability to make regular monthly payments
- Your financial situation meets IRS guidelines for the agreement type being requested
Not sure which installment option applies to your situation? A free consultation can help you understand your options and next steps.
