If you cannot pay your tax debt in full, the IRS may agree to let you pay it off gradually in monthly installments. By allowing taxpayers to pay down a debt over time as a form of tax resolution, this can often be the easiest and best way for the agency to collect all the money it is owed. And, since the IRS collects interest on past due
amounts, it does not actually burden the agency financially to allow someone to pay gradually. Installment plans are often very viable options that work well for both the IRS and the taxpayer. Though you will usually have to pay penalties and interest, setting up a payment plan through successful tax resolution can get you back on a track, eventually becoming free of your tax debt. The IRS allows numerous ways for arranging to pay a delinquent tax liability. At E File TST, our goal is to set up a payment option that works for you, pays off the tax debt in the shortest amount of time, and will keep the interest accumulation to a minimum.