Installment Agreement

An Instalment Agreement is a United States Internal Revenue Service program that allows individuals to pay tax debt in monthly payments.
There IRS has several different kinds of Instalment Agreements; Guaranteed, Streamline, Partial and Full Pay. There are a number of requirements that have to be met before an instalment agreement can be granted to a tax payer.

Requirements

Has to file all minimum required tax returns.
Must owe $50,000 or less.
Monthly payment cannot be less than $25 a month.
Keep a check on future refunds that can applied for tax refunds until tax debt is paid in full.