IRS Payment Plans
Most people who owe the IRS can't pay everything at once, and they don't have to. We set up a payment arrangement that fits your budget, stops collection action and keeps you in good standing.
How Nelson & Associates handles IRS Payment Plans
The IRS offers several types of payment plans. Short-term plans give up to 180 days to pay in full. Long-term installment agreements spread payments over months or years, and many individuals who owe $50,000 or less can qualify for a streamlined agreement without detailed financial statements. Larger balances require full disclosure of income, expenses and assets.
When even a modest payment isn't possible, a partial-pay installment agreement or currently-not-collectible status may apply. We compare the options, propose the one that best protects your finances, and keep you compliant so the agreement doesn't default.
Who this is for
- Individuals who owe after filing a return
- Self-employed people with large balances from prior years
- Small businesses with income tax or payroll balances
- Retirees with balances from retirement distributions
- Taxpayers whose previous agreement defaulted
- Anyone receiving collection notices
Everything covered in our IRS Payment Plans service
- Comparison of short-term, streamlined and full-disclosure plans
- Online payment agreement setup where available
- Financial statements for larger balances
- Partial-pay installment agreement negotiation
- Currently-not-collectible status requests
- Reinstatement of defaulted agreements
- Lien withdrawal requests tied to direct debit plans
- Estimated tax planning to prevent new balances
The paperwork behind IRS Payment Plans
| Form 9465 | Installment Agreement Request |
|---|---|
| Form 433-D | Installment agreement terms |
| Form 433-F | Collection information statement |
| Form 433-A / 433-B | Detailed financial statements |
| Form 12277 | Lien withdrawal after a qualifying direct debit plan |
What we’ll need from you
Have these ready and your first meeting goes faster. Missing something? We’ll help you find it.
- IRS notices showing each year's balance
- Proof of income for recent months
- Monthly expenses and household size
- Bank and investment statements
- Any previous installment agreement paperwork
How it works, step by step
Free confidential consultation
Tell us what the IRS sent and what has happened so far.
Get your IRS file
We pull your transcripts to see exactly what the IRS sees.
Build the solution
We file what's missing and choose the best resolution option.
Resolve and stay compliant
We negotiate, confirm the outcome and keep you on track.
Why clients choose us for IRS Payment Plans
CPA representation
With your signed Form 2848 we deal with the IRS directly, so you don't have to.
Efficient and affordable
We work toward the fastest resolution that fits your finances.
Extremely discreet
Your situation stays private, handled only by authorized staff.
Fraud and forensic background
Our founder has served as an expert witness in federal tax cases.
IRS Payment Plans across the United States
From our Doral office we provide IRS Payment Plans to clients in all 50 states and Washington, D.C. Hover over a state to see its tax profile and the cities we serve; tap it to open the state page.
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IRS Payment Plans FAQs
6 answers to the questions clients ask most. Don’t see yours? Ask us directly.
How much will my monthly payment be?
For streamlined agreements, the payment generally must pay the balance within the remaining collection period, often up to 72 months. For larger balances, the payment is based on your disposable income under IRS standards.
Do I still owe penalties and interest?
Yes. Interest and a reduced failure-to-pay penalty continue while you're on a plan, so paying faster saves money.
What if I miss a payment?
The agreement can default and collection may resume. If something changes, contact us right away; agreements can often be modified or reinstated.
Will the IRS file a lien if I'm on a plan?
It may for larger balances. A lien can sometimes be withdrawn after you convert to a direct debit installment agreement.
Can businesses get payment plans?
Yes. In-business agreements are available for income and payroll taxes, provided the business stays current on new filings and deposits.
Do you offer IRS Payment Plans outside Florida?
Yes. Our office is in Doral, Florida, and we work with clients across the United States and abroad through secure uploads, phone and video meetings and e-signatures. South Florida clients are welcome to meet with us in person.
Talk to a CPA about IRS Payment Plans.
Your initial consultation is free. Call us, email us or visit our Doral office, and we’ll tell you exactly what you need and what it will cost.