What
What IRS Installment Plans Include
An IRS installment plan allows a tax balance to be paid through scheduled monthly payments instead of a lump sum.
This process may include:
Benefits:
- Reviewing IRS balances and account history
- Confirming all required tax returns are filed
- Determining eligibility for different types of installment agreements
- Calculating a monthly payment amount
- Submitting the installment agreement request
- Communicating with the IRS during setup and approval
Once approved, payments are made according to the agreed terms.
When
When a Payment Plan May Be Appropriate
An installment agreement is commonly used when the full tax balance cannot be paid immediately.
This option may apply when:
Benefits:
- The taxpayer cannot pay the full balance at once
- Income is available to support monthly payments
- Tax returns are current and filed
- The goal is to avoid further IRS collection action
In many cases, a payment plan provides a structured way to resolve the balance while remaining compliant.
Types
Types of IRS Installment Agreements
The IRS offers several types of installment agreements depending on the balance owed and the taxpayer’s financial information.
These may include:
Benefits:
- Short term payment plans
- Long term monthly installment agreements
- Agreements requiring financial disclosure
- Streamlined agreements based on balance thresholds
The appropriate agreement depends on the details of the IRS account and financial condition.
Staying
Staying Compliant With an Installment Plan
After an installment agreement is approved, ongoing compliance is required.
This includes:
- Making monthly payments on time
- Paying any new tax balances as required
- Filing all future tax returns when due
Failure to meet these requirements may result in the agreement being canceled.
Other
Other IRS Resolution Options
An installment plan is one of several ways to resolve tax debt.
Depending on the situation, other options may include:
- Offer in Compromise to settle tax debt
- Temporary collection holds based on financial hardship
- Penalty abatement requests
The appropriate option depends on the financial details of the case.
Why
Why Work With Advanta Tax
Advanta Tax provides:
- Direct communication with the IRS on your behalf
- Assistance selecting the appropriate installment plan
- Houston-based service with local support
- Accurate review of tax balances and filing history
- Proper submission of IRS documentation
We focus on accurate setup and compliance with IRS requirements.
How We Work
Our Process
We follow a consistent process when handling tax resolution matters.
1
Account
Review
We obtain IRS records to confirm balances and filing history.
2
Compliance
Check
We identify current balances owed to IRS and/or state and file missing returns.
3
Evaluation of
Options
We determine which IRS programs may apply.
4
Implementation
We proceed with the appropriate resolution strategy.
5
Follow Up
We continue communication with the IRS until the matter is addressed.
Service Area
Houston-based,
nationwide service
Advanta Tax Consulting is based in Houston and serves clients nationwide.
FAQ
Frequently Asked Questions
An installment plan is an agreement with the IRS that allows tax debt to be paid through monthly payments over time.
The payment amount depends on the balance owed and, in some cases, the taxpayer’s income and expenses.
Yes. The IRS generally requires all required tax returns to be filed before approving an installment agreement.
Yes. If the request does not meet IRS requirements, the agreement may be denied or modified.
In most cases, collection actions are paused as long as the agreement remains in good standing.
Accredited & Trusted
Recognized Credentials & Memberships
National Association of Enrolled Agents
Texas Society of Enrolled Agents
Asian Chamber of Commerce
Get In Touch
Contact Advanta Tax
Contact our office to discuss your IRS tax situation and review available options.
Consultations for Tax Resolution Issues are Free
address
4009 EE Bellaire Blvd
Houston, TX 77025
Phone
Fax
713-664-7230