IRS Installment Agreements

If you are unable to pay your tax debt in full, the IRS offers several installment agreement options to help individuals and businesses manage their tax obligations over time. Choosing the right plan depends on your balance due, financial situation, and ability to pay.

For taxpayers needing a quick repayment plan, the Short-Term Installment Agreement provides a simple and cost-effective solution.

✔️ Term: Up to 180 days (6 months)
✔️ Payment Frequency: Monthly
✔️ Interest: Yes, at the applicable federal short-term interest rate
✔️ Setup Fee: $31
✔️ Eligibility: Individuals and businesses with a tax balance of $50,000 or less

A more extended repayment option for those with larger tax liabilities.

📌 Term: Up to 6 years (72 months)
📌 Payment Frequency: Monthly or Quarterly
📌 Interest: Yes, at the applicable federal long-term interest rate
📌 Setup Fee: $105
📌 Eligibility: Individuals and businesses with a tax balance exceeding $50,000

Designed for businesses with substantial tax debt, this plan provides the longest repayment period.

🏦 Term: Up to 10 years (120 months)
🏦 Payment Frequency: Monthly or Quarterly
🏦 Interest: Yes, at the applicable federal long-term interest rate
🏦 Setup Fee: $225
🏦 Eligibility: Businesses only, with a tax balance of $1 million or more

For taxpayers who cannot afford to pay their full tax debt, this agreement allows for reduced monthly payments over time.

💰 Term: Indefinite (Until reviewed by the IRS)
💰 Payment Frequency: Monthly or Quarterly
💰 Interest: Yes, at the applicable federal long-term interest rate
💰 Setup Fee: $89
💰 Eligibility: Individuals and businesses who cannot fully pay their balance within an STIA or 

LTIA term

A low-cost option for taxpayers who agree to automatic monthly payments from a checking or savings account.

🔹 Term: Any Length
🔹 Payment Frequency: Monthly
🔹 Interest: Yes, at the applicable federal long-term interest rate
🔹 Setup Fee: $52
🔹 Eligibility: Individuals and businesses with a tax balance of $50,000 or less and a valid bank account

A tax repayment plan that requires a third-party guarantor who assumes liability for the tax debt.

✅ Term: Any Length
✅ Payment Frequency: Monthly or Quarterly
✅ Interest: Yes, at the applicable federal long-term interest rate
✅ Setup Fee: $225 plus $68 per additional year
✅ Eligibility: Individuals and businesses with a tax balance over $50,000, requires a personal guarantor

Choosing the right installment agreement can help you avoid tax liens, wage garnishments, and asset levies. If you're unsure which option is best for you, 📞Contact Us today at 720-988-0688 for expert assistance in setting up your IRS payment plan.