For taxpayers that cannot afford their total balance in full before the filing due date, the IRS offers to break up your balance into installment plans. An installment plan is a repayment plan that allows a taxpayer to pay back the owed amount in an extended timeframe.
An installment plan is often a feasible way to gradually pay off your tax debt to the IRS in that is less financially stressful on you; however, you do need to first qualify for the plan.
