An installment agreement is used when you cannot pay your tax liability in a lump sum and have no equity in assets against which you can borrow, but have sufficient income to pay the amount over a period of time.
How to request an installment agreement
In most cases an installment agreement can be requested by either:
- Attaching Form 9565 (Installment Agreement Request) to the front of the tax return when filing, or
- Completing the Installment Agreement Request online (http://www.irs.gov/Individuals/Online-Payment-Agreement-Application)
Please contact us to learn more about how we can assist you to apply for an installment agreement.
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