Set Up a Monthly Payment Plan That the IRS Will Accept
If you can’t pay your tax bill in full, the IRS allows payment plans (called Installment Agreements) that let you spread the debt over time and avoid collection action.
Types of Payment Plans
- Streamlined Installment Agreements (debt under $50,000)
- Partial Payment Installment Agreements
- Custom arrangements for larger debts or complex financials
How Polaris Makes It Easy
- We review your tax records and financials
- Determine which plan is best for your situation
- Handle all IRS communication and documentation
- Keep you compliant to avoid defaulting on the plan
FAQs
Can I choose the amount I want to pay monthly?
Not entirely. The IRS requires a financial disclosure and expects a reasonable payment.
Will an Installment Agreement stop interest and penalties?
Interest will continue to accrue, but new penalties generally won’t be added if you’re compliant.
What happens if I miss a payment?
Your agreement could default, and collections could restart. We help you avoid that.