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Installment payment plan

dealing with the IRS

Installment payment plans
If a taxpayer is unable to pay the taxes due in a short period of time, a longer-term installment plan is often negotiated by a tax professional with the IRS. 

While results can vary widely, and differ greatly depending upon the type of tax due, and whether the taxpayer is a business or individual, the monthly payment is based more on ability to pay, and less on the actual tax due.

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Revised: September 29, 1997.