An installment agreement lets you pay IRS tax debt over time in structured monthly payments while stopping escalating collection action. Our team negotiates the most affordable plan the IRS will approve for your specific situation.
An installment agreement (IA) is a formal payment plan that allows taxpayers to pay their IRS liability over time. Once accepted, the IRS agrees to suspend most collection enforcement as long as payments are current. For taxpayers who cannot qualify for an Offer in Compromise but cannot pay in full, an installment agreement is the most common resolution path.
There are several types: streamlined agreements for balances under $50,000, and complex partial-pay installment agreements (PPIA) for larger or more complicated cases. The right type depends on your balance, income, and asset picture. The IRS installment agreement page provides general eligibility guidance.
Streamlined agreements require minimal financial disclosure for balances under $50,000. For larger balances, the IRS requires detailed Form 433-A or 433-B financial information and calculates payments based on your actual income less allowable expenses. A partial-pay installment agreement (PPIA) covers cases where even the minimum payment would cause genuine hardship. We evaluate all options during your free consultation.
Yes. Interest and some penalties continue to accrue on the unpaid balance even in an active installment agreement. This is one reason it is important to negotiate the right type. We evaluate penalty abatement options alongside every installment agreement case to reduce the total cost.
Missing a payment defaults the agreement and restores the IRS's right to levy. Re-instatement is possible but requires prompt action. If your financial circumstances change, we can sometimes negotiate new terms before default. The National Association of Enrolled Agents publishes guidance on taxpayer rights in installment situations.
Ready to resolve this? As the tax attorney team Albuquerque and New Mexico trust, we offer a free consultation with a resolution specialist — available by phone Monday through Friday. Request a callback or call (505) 420-3320.
Our team resolves the full range of IRS enforcement actions: from wage garnishments and bank levies to federal tax liens, Offers in Compromise, and audit representation. Business owners dealing with payroll tax issues or a Trust Fund Recovery Penalty notice will find dedicated support as well.
We serve all communities in the greater metro: Rio Rancho, Santa Fe, Los Lunas, Bernalillo, Corrales, Belen, Edgewood, and Española, in addition to clients statewide for federal matters.
15 minutes with our resolution team. A concrete plan, yours to keep. No obligation, no pressure.
