Get Real Tax Relief Enjoy IRS Payment Plans

Types of IRS Payment Plans

The IRS offers different types of payment plans, each catering to varying financial situations. The most common options include:

• Short-Term Payment Plan: This plan allows you to pay your tax debt in full within 120 days. It's suitable for those who can settle their debt relatively quickly but need a little extra time to gather funds.
• Long-Term Payment Plan (Installment Agreement): This option is ideal for individuals who need more than 120 days to pay off their debt. It allows you to make monthly payments over a longer period, typically up to 72 months.
• Offer in Compromise: This is a more specialized solution where the IRS agrees to settle your tax debt for less than the full amount owed, based on your ability to pay. It's a viable option for those facing significant financial hardship.