It`s important to contact the IRS immediately if you`re approved for a payment agreement and your financial situation turns out to be worse than you thought, or if you experience a financial setback. Options are available to help you. You may be able to reduce your monthly payment if you have agreed to pay more than the minimum each month. If you make your payments by direct debit, you can ensure that your payments are made on time and that you are not in default with this instalment payment agreement. You can request a instalment payment agreement online on the IRS website or by submitting Form 9465, but you must contact the IRS directly to add tax obligations to an existing instalment payment agreement. All agreements are subject to certain rules. The IRS automatically accepts a payout plan if you owe $10,000 or less…
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