Taxes

Installment Agreement (Video)



In this video, you will learn how to use the Installment Agreement program offered by the IRS to help taxpayers who cannot afford to pay their tax bill.

Here are the payment agreement strategies covered in the video:

First, you will learn how to utilize the Automatic Agreement program for those with less than $10,000 in taxes owed.  

Next, we explain the Streamlined Agreement. This has been expanded from $50,000 to $100,000 for 2020.   We also suggest a simple strategy to take advantage of the benefits of this great program.

Then, we talk about how the Regular Installment Agreement works.  This requires the preparation of financial statements.

Lastly, we discuss the Partial Pay Installment Agreement.

The video concludes with practical tips to avoid accidentally defaulting on your Installment Agreement. If you default, the IRS will void your agreement and you have to start negotiations with the IRS all over again.


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Founded by Gary Massey, Massey and Company is a boutique CPA firm in located in Atlanta, Georgia serving the needs of small businesses and their owners.