When a taxpayer fails to meet his or her tax obligations, and provided that taxpayer does nothing to remedy the situation, such as request an offer in compromise or an installment agreement, the Internal Revenue Service will eventually initiate collection proceedings. Those collection proceedings include the filing of a Notice of Federal Tax Lien with
installment agreement irs
Criteria for Granting Installment Agreements
Where a taxpayer seeks to enter into an installment agreement because he or she cannot meet federal tax obligations, the taxpayer must satisfy a number of criteria in order to be eligible. The process begins with the filing of the formal request for an installment agreement, which is typically done using Form 433-D. Form 433-D
Partial Payment Installment Agreements
As a default rule, the Internal Revenue Service expects that taxpayers are to meet their tax obligations in full, whether immediately as they become due or if not, then over the life of an installment agreement, or payment plan. However, installment agreements are typically granted only where the tax debtor is financially capable of satisfying