Not everyone qualifies to settle their tax debt for pennies on the dollar—but most people can qualify for an Installment Agreement, where your debt is broken into monthly payments the IRS will accept—and you can realistically afford.
These plans can stop collections, avoid further penalties, and give you the structure you need to rebuild. The key? Getting the right terms from the beginning.
What is an Installment Agreement?
An Installment Agreement is an official IRS payment plan that allows you to resolve your debt over time. There are several types, including:
- Guaranteed Agreements – for balances under $10,000
- Streamlined Agreements – for balances up to $50,000
- Partial Payment Installment Agreements (PPIA) – if you can’t afford full repayment
- Non-Streamlined or Custom Agreements – for debts above $50,000
Each has different rules, and choosing incorrectly—or applying with flawed documentation—can lead to rejection or unaffordable terms.
What to Expect with Olympus in Your Corner
Unlike “set it and forget it” national firms, Olympus Tax Resolution takes a hands-on, personalized approach. We:
- Review your full financial picture
- Choose the right type of agreement based on IRS policy and your goals
- Negotiate directly with the IRS on your behalf
- Fight for waived penalties or reduced monthly payments
Plus, if you qualify for “Currently Not Collectible” status or an Offer in Compromise, we’ll walk you through every alternative before committing you to a long-term plan.
When it comes to tax debt, structure brings strength. Let’s find a payment solution that keeps you protected and moving forward. Start with a no-pressure consultation today.