Owe $50,000 or less? Streamlined installment agreement: no financial disclosure, pick a payment that covers the balance in 72 months. Over $50,000? Financial disclosure required, and the IRS calculates what you can afford based on Pinellas County cost-of-living standards.
Is a Payment Plan Best?
Not always. If the collection statute expires soon, CNC status might cost less. If your RCP is low, an OIC could resolve the debt for a fraction. A payment plan is the default, but it's not always the cheapest path.
For help figuring out the right option, schedule a free consultation.
General information, not legal advice. Reading this page does not create an attorney-client relationship. Tax rules and dollar thresholds change; confirm the current figures for your tax year before acting.