{"id":28240,"date":"2017-09-18T19:21:00","date_gmt":"2017-09-18T19:21:00","guid":{"rendered":"https:\/\/www.hrblock.com\/tax-center\/?p=28240"},"modified":"2018-04-16T21:35:36","modified_gmt":"2018-04-17T02:35:36","slug":"tax-dictionary-partial-pay-installment-agreement","status":"publish","type":"post","link":"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-partial-pay-installment-agreement\/","title":{"rendered":"Partial Pay Installment Agreement"},"content":{"rendered":"<h2>IRS Definition<\/h2>\n<p>All taxpayers are expected to immediately full pay delinquent tax liabilities. When this is not possible, taxpayers may be allowed to pay their liabilities over a prescribed period of time. If full payment cannot be achieved by the Collection Statute Expiration Date (CSED), and taxpayers have some ability to pay, the IRS can enter into Partial Payment Installment Agreements (PPIAs).<\/p>\n<h2>More from H&amp;R Block<\/h2>\n<p>If you can\u2019t pay your full tax balance before the IRS runs out of <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-collection-statute-expiration-date\/\" target=\"_blank\" rel=\"noopener\">time to legally collect it<\/a>, you may be eligible for an IRS payment plan called a partial-pay installment agreement. To qualify for this type of agreement, you must provide the IRS with a financial statement listing all your assets (home, cars, bank accounts, etc.), income and expenses. The IRS will allow you only a certain dollar amount of expenses based on approved financial standards set by the IRS for each expense type (housing, car payment, etc).<\/p>\n<p>If you have equity in one or more of your assets, the IRS may require you to sell or borrow against that equity to pay toward your tax bill before the IRS will set up a partial-pay installment agreement.<\/p>\n<p><strong>Note:<\/strong>\u00a0 Under partial-pay installment agreements, the IRS reviews your financial situation every two years. If your <a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-ability-pay\/\" target=\"_blank\" rel=\"noopener\">ability to pay<\/a> has increased, the IRS will expect you to increase your monthly payment.<\/p>\n<p><a href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/bill-for-unpaid-taxes\/\">Learn all the options you may have if you can\u2019t pay your taxes.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>IRS Definition All taxpayers are expected to immediately full pay delinquent tax liabilities. When this is not possible, taxpayers may be allowed to pay their liabilities over a prescribed period of time. If full payment cannot be achieved by the Collection Statute Expiration Date (CSED), and taxpayers have some ability to pay, the IRS can [&hellip;]<\/p>\n","protected":false},"author":605,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[25,51],"tags":[],"class_list":["post-28240","post","type-post","status-publish","format-standard","hentry","category-irs","category-audits-and-tax-notices"],"acf":[],"yoast_head":"<title>Tax Dictionary - Partial Pay Installment Agreement | H&amp;R Block<\/title>\n<meta name=\"description\" content=\"Get the facts from H&amp;R Block about the IRS payment plan called a partial pay installment agreement, which considers your full financial picture.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-partial-pay-installment-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Partial Pay Installment Agreement\" \/>\n<meta property=\"og:description\" content=\"Get the facts from H&amp;R Block about the IRS payment plan called a partial pay installment agreement, which considers your full financial picture.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hrblock.com\/tax-center\/irs\/audits-and-tax-notices\/tax-dictionary-partial-pay-installment-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"H&amp;R Block\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/hrblock\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-18T19:21:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-04-17T02:35:36+00:00\" \/>\n<meta name=\"author\" content=\"Elyce Luegers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@hrblock\" \/>\n<meta name=\"twitter:site\" content=\"@hrblock\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elyce Luegers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-partial-pay-installment-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-partial-pay-installment-agreement\\\/\"},\"author\":{\"name\":\"Elyce Luegers\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/#\\\/schema\\\/person\\\/91512e91ae00a37478a4f91b90022449\"},\"headline\":\"Partial Pay Installment Agreement\",\"datePublished\":\"2017-09-18T19:21:00+00:00\",\"dateModified\":\"2018-04-17T02:35:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-partial-pay-installment-agreement\\\/\"},\"wordCount\":247,\"articleSection\":[\"IRS\",\"Audits and tax notices\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-partial-pay-installment-agreement\\\/\",\"url\":\"https:\\\/\\\/resource-center.hrblock.com\\\/irs\\\/audits-and-tax-notices\\\/tax-dictionary-partial-pay-installment-agreement\\\/\",\"name\":\"Tax Dictionary - 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