IRS Payment Plan

Cannot pay your tax bill in full? An IRS installment agreement lets you pay over time in manageable monthly payments. We help you set up the right plan for your situation.

Schedule a Free Consultation → Learn How We Work

5.0 ★Google Rating

51+5-Star Reviews

50States Licensed

Schedule Your Consultation

IRS Installment Agreement Options

If you owe the IRS and cannot pay in full, an installment agreement allows you to make monthly payments over time. The IRS offers several types of payment plans depending on how much you owe and your ability to pay.

Types of Payment Plans

Guaranteed Installment Agreement: If you owe $10,000 or less in combined tax, penalties, and interest, the IRS must accept your request for a payment plan. Payments are spread over 36 months or less.

Streamlined Installment Agreement: If you owe $50,000 or less, you can qualify for a streamlined agreement without providing detailed financial information. Payments are spread over up to 72 months.

Non-Streamlined Installment Agreement: For debts over $50,000, the IRS requires a detailed financial analysis. We prepare the necessary documentation and negotiate the best possible monthly payment amount.

Partial Payment Installment Agreement: In some cases, we can negotiate a monthly payment that does not fully pay off the balance before the collection statute expires, resulting in a portion of the debt being forgiven.

Why Infinity

You Deserve an Accountant Who Actually Cares

We built Infinity Accounting Solutions around a simple belief: business owners deserve expert accounting support without feeling like just another client number. By combining modern technology with old-school relationship building, we provide the personalized service, accessibility, and trusted guidance that businesses need to grow with confidence.

Big-Firm Expertise. Boutique Experience.

We bring the technical knowledge of larger firms together with the personalized attention of a boutique practice.

Your Accountant for Life

Relationships come first. We believe accounting is about more than just numbers. We build long-term relationships based on trust, communication, and a genuine understanding of your business.

A Partner, Not Just a Provider

Whether you need bookkeeping, controllership support, or tax guidance, we're here to help you make informed decisions, not just deliver reports.

Modern & Accessible

Enjoy the convenience of a virtual firm powered by best-in-class technology, paired with the real human attention, responsiveness, and personal service you deserve.

Infinity Accounting founders in conversation

5.0 ★Google Rating

51+5-Star Reviews

50States Licensed

Frequently Asked Questions

Common Questions About IRS Payment Plan

How much will my monthly payment be?

It depends on the type of agreement and your financial situation. For streamlined agreements, the IRS divides your total balance by the number of months remaining on the collection statute (up to 72 months). We help negotiate the lowest payment possible.

Will I still owe interest and penalties while making payments?

Yes, interest and the failure-to-pay penalty continue to accrue on the unpaid balance. However, the failure-to-pay penalty is reduced to 0.25% per month while you are in an approved installment agreement.

What happens if I miss a payment?

If you miss a payment, the IRS may default your agreement and resume collection activity. If this happens, contact us immediately. We can often get the agreement reinstated.