If you owe back taxes to the IRS, naturally they would like you to pay the amount in full. Often, however, you are unable to do so. In this event, there is the installment agreement that can be a viable option in paying these back taxes. To be eligible, all tax returns that are due have to be filed. If you filed back tax returns and owe money on these returns that you want to pay via an installment agreement, but haven't filed your current year tax return, then you would be denied an installment agreement, until you filed your current year taxes. If the amount of the installment agreement is under $25,000, then the IRS doesn't require a financial statement and will more than likely accept a reasonable payment plan. However, if the amount is over $25,000, then a financial statement has to be provided, and the IRS looks at assets, expenses, etc and then determines how much will be required. They look at how much they think you can pay, and this may be more than you can afford or want to pay. It can be a difficult process. So, if you are wondering whether an installment agreement is right for you, give me a call at, 615-644-3314. Let me deal with the IRS and get the best solution for you.