IRS Payment Plan
Negotiated
and Managed by Your CPA
When you owe the IRS a balance you cannot pay immediately, you have formal options — and choosing the right one requires professional guidance. Manay CPA negotiates and manages IRS payment plans and collection alternatives on your behalf so your liability is resolved in the most favorable way available.
- IRS Payment Plan Negotiation for Individuals and Businesses
- Installment Agreements, Offers in Compromise, and CNC Status Included
- CPA Licensed Service
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Strategic IRS Tax Resolution
For us, an IRS payment plan engagement is not simply about arranging monthly payments — it is about analyzing your complete financial situation, identifying every available resolution option, and recommending the approach that minimizes your total cost while protecting you from the collection actions the IRS will pursue if no arrangement is made.
Resolve Tax Debt on Your Terms
When a tax balance goes unresolved, the IRS does not wait indefinitely. It files federal tax liens that attach to your property and appear on credit reports. It issues levies that seize bank accounts, wages, and other assets. It contacts employers to garnish wages directly. Each of these collection actions is disruptive, damaging, and entirely avoidable when the liability is addressed through a formal resolution arrangement before enforcement begins. Our specialized resolution process moves your case from a state of reactive crisis to a controlled, professional negotiation where your rights as a taxpayer are fully protected. By formalizing a settlement or payment plan today, you effectively halt the progression of aggressive collection tactics and regain control over your financial future.
Manay CPA analyzes your financial situation — income, expenses, assets, and liabilities — against the IRS’s collection financial standards to determine which resolution option produces the best outcome for your specific circumstances. An installment agreement allows you to pay over time in monthly amounts the IRS approves based on your ability to pay. An offer in compromise settles the full balance for less than the amount owed when the IRS determines that full collection is not feasible. Currently not collectible status suspends all collection activity when your financial situation makes any payment genuinely impossible without causing hardship. Every resolution option has its own eligibility requirements, its own application process, its own documentation requirements, and its own set of conditions that must be maintained after approval. Manay CPA manages every step — from the initial financial analysis through the application, the IRS negotiation, and the ongoing compliance required to keep the arrangement in good standing.
The High Cost of DIY Tax Negotiation
The IRS has specific financial standards it applies to determine how much a taxpayer can afford to pay — and those standards are applied differently depending on how the taxpayer presents their financial information. A taxpayer without representation often agrees to a monthly payment amount that exceeds what a professionally negotiated arrangement would have required, fails to claim all allowable expense deductions in the IRS’s collection financial analysis, or misses the offer in compromise option entirely because they are not aware they qualify.
CPA-Managed Remittance Schedules
Manay CPA analyzes every available resolution option — installment agreement, partial payment installment agreement, offer in compromise, currently not collectible status, and innocent spouse relief where applicable — before recommending any course of action. The recommendation is based entirely on which option produces the best outcome for your specific financial situation.
Our team understands the IRS’s collection financial standards, the documentation the IRS requires to evaluate each resolution option, and the negotiation process that determines the terms of every approved arrangement — and applies that knowledge to protect every client through every stage of the resolution process.
File Your Return the Right Way
The U.S. tax code is far more complex than a basic W-2 and standard deduction. Self-employment, rentals, capital gains, and foreign assets each carry unique reporting rules. A single oversight or misclassified item costs you real money—either in overpaid tax or in penalties assessed later.
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Table of Contents
Installment Agreements Allow You to Pay Your Balance Over Time
An IRS installment agreement is a formal payment arrangement that allows you to pay your tax liability in monthly installments rather than in a single lump sum. Streamlined installment agreements are available for balances below $50,000 without requiring a detailed financial analysis. Larger balances require submission of Form 433-A or 433-B with full financial disclosure — and the monthly payment amount is determined by the IRS based on your ability to pay after allowable living expenses.
Manay CPA prepares every installment agreement application with the financial disclosure that supports the most favorable monthly payment the IRS’s standards allow — ensuring you do not agree to a payment amount that exceeds what you are actually required to pay under the applicable collection financial standards.
An Offer in Compromise Can Settle Your Liability for Less Than the Full Amount Owed
An offer in compromise allows eligible taxpayers to settle their entire IRS liability — including tax, penalties, and interest — for less than the full amount owed. The IRS accepts offers based on doubt as to collectibility — meaning the IRS concludes that it is unlikely to collect the full liability within the remaining collection statute period based on the taxpayer’s assets and future income.
The offer amount is calculated using the IRS’s reasonable collection potential formula, which is based on your net realizable equity in assets and your future monthly income above allowable expenses. Manay CPA calculates your reasonable collection potential, determines whether an offer is viable, prepares the complete application with all required financial documentation, and negotiates with the IRS through the acceptance or rejection decision.
Currently Not Collectible Status Suspends All IRS Collection Activity During Financial Hardship
Currently not collectible status — also called CNC status — is available when your financial situation makes it genuinely impossible to make any payment toward your tax liability without causing economic hardship. When the IRS places an account in CNC status, all collection activity — including levies, garnishments, and liens — is suspended for as long as the financial hardship condition continues.
CNC status does not eliminate the liability — interest and penalties continue to accrue, and the IRS reviews CNC accounts periodically to determine whether the taxpayer’s financial situation has improved enough to resume collection. However, it provides immediate relief from active collection enforcement for taxpayers in genuine financial distress. Manay CPA prepares the financial documentation required to support a CNC status request and manages the periodic review process to maintain the status for as long as the qualifying conditions continue.
Frequently Asked Questions
What IRS payment plan options are available and how do I know which one is right for me?
The main IRS resolution options are installment agreements — paying the full balance over time in monthly installments — partial payment installment agreements — paying a reduced monthly amount when you cannot pay the full balance within the collection statute — offers in compromise — settling the full balance for less than the amount owed when full collection is not feasible — and currently not collectible status — suspending all collection activity during genuine financial hardship. The right option depends on your income, your assets, your expenses, and the amount of your liability. Manay CPA analyzes all of these factors and recommends the option that produces the best outcome for your specific situation.
What is the IRS's collection statute of limitations and how does it affect my payment plan?
The IRS has ten years from the date of assessment to collect a tax liability — this is called the collection statute of limitations. After ten years, the liability expires and can no longer be legally collected. The collection statute affects every resolution option — an installment agreement that extends beyond the statute period, an offer in compromise calculated to reflect the reduced remaining collection time, and a currently not collectible determination that allows the statute to run during the hardship period are all affected by where you are in the ten-year window. Manay CPA analyzes the remaining collection statute period for every liability as part of every resolution engagement.
Can the IRS still file a lien if I have a payment plan in place?
Yes. The IRS files federal tax liens for balances above $10,000 regardless of whether a payment plan is in place — the lien protects the government’s interest in your property. However, the IRS will not issue levies or garnishments as long as your installment agreement is in good standing and all required payments are being made on time. For taxpayers who need lien withdrawal — removal of the lien from public records rather than just release — Manay CPA advises on the Fresh Start program lien withdrawal provisions that may be available once the balance falls below a specified threshold.
What happens if I miss a payment under my installment agreement?
Missing a payment under an installment agreement can cause the agreement to default — triggering the IRS’s right to resume active collection enforcement including levies and garnishments. If an agreement defaults, a new application must be submitted to reinstate it. Manay CPA monitors every client’s installment agreement payment schedule and provides advance reminders before each payment due date. If a payment is missed for any reason, we contact the IRS immediately to address the default before enforcement action is initiated.
What financial information does the IRS require to evaluate a payment plan application?
The IRS requires a complete financial disclosure for any installment agreement request above the streamlined threshold — including all income sources, all monthly living expenses, all asset values, and all outstanding liabilities. For offers in compromise and currently not collectible requests, the IRS applies its collection financial standards to determine how much the taxpayer can afford to pay and whether collection is feasible. Manay CPA prepares the required financial disclosure — Form 433-A for individuals or Form 433-B for businesses — with every allowable expense claimed and every asset value documented to support the most favorable determination the standards permit.
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