Owe $50,000 or less? Streamlined installment agreement: no financial disclosure, pick a payment that covers the balance in 72 months, and the IRS must withdraw the lien if you set up Direct Debit. Over $50,000? Full financial disclosure required, and the IRS calculates your payment based on Hillsborough County living standards.
When a Payment Plan Isn't Best
If the collection statute expires soon, CNC status costs less. If your RCP is low thanks to Florida exemptions, an OIC resolves the entire balance for a fraction. A payment plan is the default. It's not always the best answer.