Owing the IRS doesn’t always mean you have to pay everything immediately. For many taxpayers, an IRS Installment Agreement provides a practical way to resolve tax debt over time while avoiding aggressive collection actions.
At Ron Friedman CPA, we help taxpayers set up installment agreements that are realistic, sustainable, and strategically structured.
What Is an IRS Installment Agreement?
An Installment Agreement is a formal payment plan with the Internal Revenue Service that allows you to pay your tax balance in monthly payments instead of a lump sum.
Once approved, the IRS generally pauses enforcement actions such as bank levies and wage garnishments—as long as payments are made on time and you stay compliant going forward.
Example: How an Installment Agreement Works
Chris owed $32,000 in back taxes after falling behind during a slow year in his business. He couldn’t afford to pay the balance in full but had steady income.
With professional guidance, Chris submitted the required information and negotiated a monthly payment that fit his budget. The IRS approved the Installment Agreement, stopping collection actions and allowing him to pay down the debt over time.
How We Can Help
Not all Installment Agreements are the same—and agreeing to the wrong payment can create long-term problems. Ron Friedman CPA helps by reviewing your IRS account, determining the right type of agreement, negotiating affordable payments, and communicating directly with the IRS.
If you owe the IRS and need a manageable way forward, contact Ron Friedman CPA today for a confidential consultation to see whether an Installment Agreement is right for you.
