IRS Non Streamlined Installment Agreement

Struggling to keep up with your IRS tax debt? If you owe more than $50,000 in assessed taxes, a Non-Streamlined Installment Agreement might be a viable solution. This payment plan allows you to gradually repay your debt over time, potentially avoiding the harsh consequences of non-compliance.

But before you dive in, it’s crucial to understand the requirements and implications of this agreement specific to your situation. This guide will provide you with a clear overview, helping you determine if it’s the right path for your financial situation.

Do I Qualify for a Non-Streamlined Installment Agreement with the IRS?

To determine your eligibility for a Non-Streamlined Installment Agreement, consider the following key criteria:

Debt Amount: You must owe more than $50,000 in assessed taxes.
Filing Compliance: You must have filed all required federal income tax returns for the past six years.
Collection Information Statement (CIS): In most cases, you won't need to provide a CIS. However, there are exceptions, such as if you have a history of defaulting on installment agreements or if the IRS is levying your assets.
Tax Lien: The IRS will generally file a notice of federal tax lien against you when you set up a non-streamlined agreement.

Remember: While these are the general requirements, specific circumstances may influence your eligibility. It’s always recommended to consult with us to get advice based on your unique situation.

How Can I Set Up a Non-Streamlined Installment Agreement with the IRS?

Understanding the Process and Requirements
Setting up a Non-Streamlined Installment Agreement involves several key steps:

1. Payment Options

Direct Debit: The most convenient option, automatically deducting payments from your bank account.
Payroll Deduction: Your employer withholds payments and sends them directly to the IRS (less common).
Checks or Money Orders: Monthly payments sent by mail.
Electronic Funds Transfer (EFTPS): Online payments through the IRS system.

2. Filing Compliance

Six-Year Requirement: You must have filed all federal income tax returns for the past six years.
ACS and Revenue Officer: The specific filing requirements may vary depending on whether your case is handledby the Automated Collection System (ACS) or a revenue officer.
Substitute for Return (SFR): If the IRS has issued an SFR for any year, it generally meets the filing requirement. However, you may want to refile if the information is incorrect.

3. Application Process

Form 9465: Complete the Installment Agreement Request form.
Phone Call: Submit the form and additional information over the phone to the IRS.

4. Approval

Managerial Review: Your application will be reviewed by a human manager, even if your case is in the automated system.
Approval Criteria: To be approved, you must demonstrate your ability to pay off the debt by the collection statute expiration date and provide any required financial information.

5. Making Payments

Scheduled Payments: Once approved, start making payments as outlined in your agreement.
Early Payments: Consider making payments while your application is under review to avoid potential delays.

6. Addressing Denials

Understand the Reason: If your application is denied, inquire about the specific reason.
Correct Issues: If there’s a correctable issue, take steps to address it and reapply.
Appeal: You may have the option to appeal the denial.
Alternative Strategies: If your application is denied, explore other options to manage your tax debt, such as borrowing against assets or seeking a different payment plan.

7. Compliance and Default

Ongoing Compliance: Continue to file all required tax returns and make payments on time.
Default: Failure to make payments can result in default, which may have consequences.
Missed Payments: If you miss a payment, the IRS may offer leniency, but persistent non-payment can lead to default.

Remember: The specific details and requirements for a Non-Streamlined Installment Agreement can vary. Contact us so we can provide you with tailored advice and guidance throughout the process.

Why Choose Automated Tax Credits for Your Non-Streamlined Installment Agreement Application?

Automated Tax Credits offers a streamlined and affordable solution for managing your tax debt. Our platform simplifies the application process for Non-Streamlined Installment Agreements, saving you time and money. Here’s why you should choose us:

Simplified Process: Our user-friendly platform provides clear guidance and access to all necessary forms, making it easy to navigate the application process.
Cost-Effective: We offer our services at a significantly lower cost compared to traditional tax firms, helping you save thousands of dollars.
Expert Assistance: The Automated Tax Credits team is available to answer your questions and provide support throughout the application process.
Time-Saving: By using our platform, you can avoid the hassle of dealing with complex IRS procedures and potentially expedite the approval process.
Peace of Mind: Our goal is to help you resolve your tax debt efficiently and effectively, giving you peace of mind and financial stability.

By choosing Automated Tax Credits, you’re choosing a reliable and affordable partner to assist you in navigating the complexities of a Non-Streamlined Installment Agreement.

Frequently Asked Questions

What is a Non-Streamlined Installment Agreement?

A Non-Streamlined Installment Agreement is a payment plan designed for taxpayers who owe over $50,000 in assessed taxes but less than $250,000. It allows you to make monthly payments on your tax debt over a specified period.

What are the Requirements for a Non-Streamlined Installment Agreement?

To qualify, you must:

Owe more than $50,000 in assessed taxes.
Have filed all required federal income tax returns for the past six years.
Provide a Collection Information Statement (CIS) in certain cases, such as if you have a history of defaulting on installment agreements or if the IRS is levying your assets.

Will the IRS File a Tax Lien Against Me?

Yes, the IRS will generally file a notice of federal tax lien against you when you set up a Non-Streamlined Installment Agreement. However, there may be exceptions, especially for 2019 taxes due to COVID-19 relief legislation.

What Payment Options Are Available?

Here are the available payment options:

Direct Debit: The IRS automatically withdraws payments from your bank account.
Payroll Deduction: Your employer withholds payments and sends them directly to the IRS.
Checks or Money Orders: You send monthly payments by mail.
EFTPS: You make payments online through the Electronic Federal Tax Payment System.

What Happens if I Default on the Agreement?

If you miss a payment or fail to comply with other requirements, the IRS may put your agreement into default. This can lead to additional penalties and interest, and the IRS may take further collection actions.

Not seeing the answer to your question? Submit a question to our expert team.

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