An installment agreement lets you pay your IRS debt in monthly payments. Under IRC Section 6159, the IRS must accept if you owe $10,000 or less and meet basic conditions. For higher amounts, you have options ranging from streamlined to full-disclosure agreements.
Streamlined agreements cover up to $50,000 with no financial statement. Up to 72 months to pay. Non-streamlined covers $50,001 to $100,000 with a simplified Form 433-F. Regular agreements require full disclosure for anything over $100,000.
Partial Pay Installment Agreements
Under IRC Section 6159(a), the IRS can accept payments that will not fully satisfy the debt before the collection statute expires. You pay what you can, and whatever remains when the CSED hits disappears. The IRS reviews these every two years. Let us negotiate your agreement.