● Home ● Random ● Nearby ● Log in ● Settings ● Donate ● About Wikipedia ● Disclaimers

Installment Agreement

● Article ● Talk ● Language ● Watch ● Edit

This article's tone or style may not reflect the encyclopedic tone used on Wikipedia. See Wikipedia's guide to writing better articles for suggestions. (July 2019) (Learn how and when to remove this message)

AnInstalment Agreement is a United States Internal Revenue Service (IRS) program that allows individuals to pay tax debt in monthly payments.

There IRS has several different kinds of Instalment Agreements; Guaranteed, Streamline, Partial and Full Pay. There are a number of requirements that have to be met before an instalment agreement can be granted to a tax payer.^[1]

Requirements

edit

Has to file all minimum required tax returns.
Must owe $50,000 or less.
Monthly payment cannot be less than $25 a month.^[2]
Keep a check on future refunds that can applied for tax refunds until tax debt is paid in full.^[3]

References

edit

^ "IRS Installment Agreement – It's In The Numbers". Open Tax advocates. July 28, 2021.

^ Payment Plans, Installment Agreements by IRS

^ "Pros and Cons of IRS Installment Agreements | IRS Payment Plan". 24 May 2018.

This tax-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Installment_Agreement&oldid=1207825050" Last edited on 15 February 2024, at 20:42

Languages

This page is not available in other languages.

●This page was last edited on 15 February 2024, at 20:42 (UTC). ●Content is available under CC BY-SA 4.0 unless otherwise noted. ●Privacy policy ●About Wikipedia ●Disclaimers ●Contact Wikipedia ●Code of Conduct ●Developers ●Statistics ●Cookie statement ●Terms of Use ●Desktop