An IRS installment agreement is a payment plan that allows you to pay your taxes over time. You can use an installment agreement either for your current year taxes or for tax debts from previous years.
How to Pay
What should you do if you can’t pay your taxes? Should you still file your tax return?
If you’re able to pay the IRS in full now, you have several options available.
An offer in compromise allows you to pay less than the full amount that you owe in satisfaction of a tax debt. OICs are often marketed as settlements for “pennies on the dollar,” but there is actually a rigid set of rules that determine if you’re eligible and how much you need to pay.
Are you trying to get credit card rewards for paying the IRS? Need a little more time to pay your tax bill? Here’s the best credit card for paying taxes.
If you can’t pay a tax debt because of a financial hardship, you can request currently not collectible status. Common reasons include job loss, medical conditions, or disability.