Types of Agreements
Streamlined agreements for balances under $50,000 require no financial disclosure and can be set up quickly. Non-streamlined agreements for larger balances require Form 433-A financial disclosure. Partial payment agreements allow paying less than the full balance when the remaining statute does not permit full payment.
Sarasota Considerations
Sarasota's housing costs are factored into the IRS's allowable expense calculations using local standards for the Sarasota-Bradenton-Venice metro area. This can affect the monthly payment amount for non-streamlined agreements. A tax attorney ensures that your local housing costs are properly accounted for in the calculation.
A payment plan is not ideal, but it stops enforcement and gives you a path forward.