IRS Tax Installment Agreement

Think of an IRS tax installment agreement as being along the same lines as an Offer in Compromise. But instead of paying a smaller amount that what is actually owed, an installment agreement allows financially-strapped taxpayers to pay their outstanding tax liabilities through monthly installments over a stipulated period. If the taxpayer holds up his or her end of the bargain, the IRS could cease all collection efforts. Establishing an installment agreement also eliminates the threat of a wage garnishment, levy, or other enforced collection. The IRS won’t take action against you if:

  1. Your installment agreement request is under consideration
  2. Your agreement is in effect
  3. Your installment agreement request has been rejected within the last 30 days
  4. The IRS is evaluating your appeal of a recent rejection or termination of an agreement

Pairett CPA, PLLC specializes in all forms of tax relief options. If there is a way to save our clients money or lessen the load of a tax debt, we are going to seek out that option and work with the IRS to put it into practice. On the reverse side of the coin, if you are having trouble satisfying an installment plan already in place, contact us immediately to make sure there are no additional enforced collection actions placed against you.


Contact Pairett CPA, PLLC at 940-498-7422

Communicating with the IRS on any topic can be a complicated matter. Put Pairett CPA, PLLC to work for you. We have in depth knowledge about IRS laws and provisions, and we use that to our advantage in settling our clients’ debts. Call us at 940-498-7422 for a free consultation!