{"id":28131,"date":"2017-09-15T21:05:27","date_gmt":"2017-09-15T21:05:27","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=28131"},"modified":"2018-07-30T10:31:20","modified_gmt":"2018-07-30T15:31:20","slug":"tax-dictionary-installment-agreement","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-installment-agreement\/","title":{"rendered":"Installment Agreement"},"content":{"rendered":"

IRS Definition of Installment Agreement:<\/h2>\n

If you’re financially unable to pay your tax debt immediately, you can make\u00a0monthly payments through an installment agreement.<\/p>\n

More from H&R Block:<\/h2>\n

There are several types of IRS payment plans, called installment agreements, that you can set up if you can’t pay your taxes.\u00a0If you enter\u00a0into an installment agreement, it\u00a0will cut your failure to pay penalty in half. However, the\u00a0does\u00a0charge a\u00a0fee to set up an installment agreement<\/a>.<\/p>\n

Some installment agreements are simple payment arrangements that you or your tax pro can set up using the IRS Online Payment Agreement tool. Others are more complicated to request and can involve sending the IRS proof of your income and assets. In these cases, the IRS can limit your expenses to a \u201creasonable\u201d amount when it\u2019s calculating how much you can afford to pay every month.<\/p>\n

The best type of installment agreement for your situation depends on the amount you owe, how fast you can pay it, and your financial circumstances. Find out which IRS installment agreement is best<\/a> for you.<\/p>\n

Or, learn all of the options you may have if you can’t pay your taxes.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

IRS Definition of Installment Agreement: If you’re financially unable to pay your tax debt immediately, you can make\u00a0monthly payments through an installment agreement. More from H&R Block: There are several types of IRS payment plans, called installment agreements, that you can set up if you can’t pay your taxes.\u00a0If you enter\u00a0into an installment agreement, it\u00a0will […]<\/p>\n","protected":false},"author":605,"featured_media":26829,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-28131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"Tax Dictionary - Installment Agreement | H&R Block<\/title>\n<meta name=\"description\" content=\"Learn about IRS payment plans, called IRS installment agreements. 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