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I have an existing installment agreement with the IRS and I need to adjust the payments. What is the best way to go about this?

I have an existing installment agreement with the IRS and my income has gone down over the last year. Can you tell me the best way to reduce my monthly payment.
IRS installment plan
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Tax Professional Answers

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Barry Fowler
You can call the IRS and be prepared with a 433F filled out and ready to submit to the IRS. Make sure you have your support available if they ask for it. There are other options as well available to you such as a Offer in Compromise, Not Collectable status and partial pay installment agreements. Make sure you look at all your options.
Leave a Comment 366 weeks ago

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Anne Go
I need help with this too! Thanks for sharing the info Barry. BTW, if anyone needs to fill out a “433F Form”, I found a blank form here:
Reply 343 weeks ago

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