Installment Agreement for Business
If the IRS determines that the taxpayer can pay current taxes as well as operating expenses, and pay delinquent taxes, then the IRS may enter into an installment agreement with the business. Taxpayers identified as repeaters may not immediately be granted installment agreements.
More from H&R Block
If you can show that your business can pay current expenses including all taxes and make an installment agreement payment, the IRS may agree to set up an installment agreement. Before looking at income and expenses, the IRS will look at any business assets not necessary for the production of income that could be sold to pay off or pay down the tax debt.
Get help from an IRS expert
H&R Block’s experts can solve any IRS problem, no matter how complex.
Learn how to request an IRS payment option, like an extension to pay or an IRS installment agreement, when your business owes taxes and can't pay.
Liens and levies are tools the IRS uses to collect back taxes. Learn more about each one -- and how to avoid tax liens and levies by working with the IRS.
Understand the most common types of IRS business tax penalties for filing and paying late, and your possible options for requesting IRS penalty relief.
Learn the three main benefits of engaging a power of attorney to research your IRS account and resolve your tax problems. Get the facts from the experts at H&R Block.