Streamlined Installment Agreement.

The “Streamlined” installment agreement program is another of the IRS’ special installment agreement programs. Other special programs with their own specific criteria discussed elsewhere include “Guaranteed” installment agreements, “In-Business Trust Fund Express” installment agreements, and “Partial Payment” installment agreements.

The “Streamlined” installment agreement program has many helpful features. First, qualifying taxpayers need not prepare and tender a collection information statement or other financial statements. IRM § 5.14.5.2(11) (12-23-2015). Second, no managerial approval is required for Streamlined installment agreements. IRM § 5.14.5.2(6) (12-23-2015). Third, the monthly payment amount may be lower than a “routine” installment agreement based upon the taxpayer’s ability to pay (monthly income less allowable expenses). Fourth, a taxpayer would be allowed to repay the tax liability over a period not exceeding 72 months even though the taxpayer has the wherewithal to pay the tax liability in full. IRM § 5.14.5.2(12) (12-23-2015). Taxpayers should consider using Form 9465, Installment Agreement Request, or establishing an installment agreement online.

The “Streamlined” installment agreement program has its own specific criteria, including debt-load limitations, payment period constraints, compliance requirements, etc. However, the need for a payment plan is not a criterion. Taxpayers may be granted Streamline agreements based on the criteria alone, even if the taxpayers are able to fully pay their tax liabilities. IRM § 5.14.5.2(12) (12-23-2015).

Attorney Bob Schaller

Bankruptcy/Tax Attorney & Registered CPA

Bob has practiced law for more than 35 years and filed more than 3,000 bankruptcy cases. He has argued bankruptcy cases before the U.S. Court of Appeals, U.S. District Court, and U.S. Bankruptcy Court. He has authored 22 books including the 6-volume "Bankruptcy MasterClass Practice System & Toolkit."