The IRS offers several types, including guaranteed installment agreements (for balances under $10,000), streamlined agreements (for balances under $50,000), partial pay agreements (where you pay less than the full balance over time), and non-streamlined agreements (for larger or more complex balances that require detailed financial disclosure). We help determine which option fits your situation.

That depends on the type of agreement, the total amount owed, and your current financial situation. For streamlined agreements, the IRS typically divides your balance by the remaining time on the collection statute. For other types, your income, expenses, and assets are factored into the calculation. We make sure the payment amount is realistic before anything is submitted.

Penalties for failure to pay will be reduced, but interest continues to accrue on your remaining balance until it is paid in full. That said, being in an active agreement prevents more aggressive enforcement actions like levies and garnishments, which makes it a worthwhile step even with ongoing interest.

Generally, no. The IRS requires all required returns to be filed before they'll approve an installment agreement. If you have unfiled returns, we can help prepare and submit them as part of the process so nothing holds up your agreement.

A missed payment can put your agreement in default, which may reactivate collection actions and reinstate the full penalty rate. If you anticipate difficulty making a payment, it's important to contact us right away so we can work with the IRS to address it before a default occurs.

Yes. If your income drops or your circumstances change significantly, we can request a modification to your existing agreement. The IRS does allow adjustments, but the process requires updated financial documentation which we help prepare and submit on your behalf.