How To Obtain a Partial Payment IRS Installment Agreement

So you are interested in obtaining a partial payment IRS installment agreement? This is very similar to an IRS installment agreement, with just a few changes. It is important to know what goes into this process so you can get started, obtain the right agreement, and then start to pay back your debt. The longer you wait the more issues you are going to face when you finally decide to move forward.

To get started today, follow these steps:

1. Hire a tax professional who knows a thing or two about partial payment IRS installment agreements. This is very important because it takes you out of the spotlight and gives you somebody who knows exactly what is going on. It is essential to hire a professional with experience dealing with partial payment IRS installment agreements.
2. File Form 433-A, Collection Information Statement. This is to be sent alongside Form 9465, Installment Agreement Request. Even though these forms may sound complex, they are anything but.
3. You need to send documentation for all income and expenses that you reported on Form 433-A. This is the most important part of obtaining a partial payment IRS installment agreement; make sure you remember to do this. The IRS wants to see how much money you are earning, as well as where it goes each month. 
4. Include a written letter requesting a partial payment IRS installment agreement.
5. Submit your request to the appropriate IRS personnel or to the nearest service center.
6. Within 30 days you will receive an acceptance or rejection notice from the IRS.
7. If accepted, pay the proper amount each month until your tax debt is gone. If your request gets denied, you will probably want to move forward with the appeals process.

With these steps you can successfully obtain a partial payment IRS installment agreement. This is particularly true if you decide to hire a tax professional. Now that you know which steps to take, you should be more confident in your ability to request and obtain a partial payment IRS installment agreement. Are you ready to start at the top?

It is suggested that you hire a tax professional to help with a partial payment installment agreement to increase you chances of having it accepted. A tax professional will be able to quickly assess your situation and determine if you are a good candidate and can give you other options if you are not a good candidate or another tax settlement method would suit you better.