A straightforward payment agreement proposed by you to the IRS; the installment agreement plan is recommended if you are facing a smaller amount of tax liability and feel that you will be able to pay it off in monthly installments.

The IRS must accept any proposed installment agreement if your tax liability is less than $10,000 and your suggested monthly payment will satisfy your total IRS tax debt in three years.

Outside of these circumstances, the IRS must review and approve your proposal; which takes about 30 days. The easiest tax debt resolution method, you or your tax professional can initiate a proposal three ways: by filling out Form 9465, the Online Payment Agreement Application or by calling the IRS at 1-800-829-1040.

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