IRS Payment Plans and Installment Agreements
If you owe more than you can pay at once, an IRS payment plan spreads the balance over monthly payments and stops most collection action. We find the plan with the lowest payment you qualify for and set it up.
Which payment plan fits
Individuals who owe $50,000 or less in combined tax, penalties and interest can usually get a streamlined installment agreement without detailed financial statements. Larger balances require financial disclosure (Form 433-A or 433-F), and the IRS sets the payment based on your income and allowable expenses. We prepare those forms so the payment reflects what you can actually afford.
What a payment plan does for you
Once an installment agreement is in place, the IRS generally will not levy your wages or bank accounts, and the failure-to-pay penalty drops from 0.5% to 0.25% per month for taxpayers who filed on time. Interest still applies, so we also look at whether penalty abatement or an offer in compromise could lower the balance first.
Serving Missouri City and the Greater Houston Area
Visit our office or work with us virtually. We serve clients in Missouri City, Sugar Land, Stafford, Houston, Pearland, Richmond, Rosenberg and across the US. Tax help for Missouri City, Houston, Sugar Land, Stafford and Pearland.
- 2440 Texas Pkwy, Suite 370F
Missouri City, TX 77489 Mon–Sun: 8:00 AM – 8:00 PM
Saturday and Sunday by appointment- (346) 212-9431
Frequently Asked Questions
How much will my IRS monthly payment be?
For streamlined plans, it is roughly the balance divided over the payment period. For larger balances, the IRS calculates it from your income and allowable living expenses. We can estimate it before anything is filed.
What if I missed payments on my plan?
Defaulted agreements can often be reinstated. Contact us before the IRS issues a final notice so we can reinstate or renegotiate it.
Related Services
Offer in Compromise
Settle IRS tax debt for less than you owe with an offer in compromise. Enrolled Agents in Missouri City, TX check if you qualify and prepare Form 656.
Back Taxes & Unfiled Returns
Haven't filed in years or owe back taxes? Enrolled Agents in Missouri City, TX file your missing returns, reduce penalties, and set up a plan with the IRS.
Wage Garnishment & Bank Levy
Is the IRS garnishing your wages or levying your bank account? Enrolled Agents in Missouri City, TX act fast to get levies released and resolve the debt.
Talk to a Tax Professional Today
Mon–Sun: 8:00 AM – 8:00 PM. Saturday and Sunday by appointment.