Similar to a Regular Installment Agreement, a Partial-Pay Installment Agreement (“PPIA”) is reached when a taxpayer provides financial information to the IRS and the information shows that the taxpayer can make payments but they will not result in full-payment of the tax liability within the time remaining on the collection statute. 

When a taxpayer’s RCP  "Reasonable Collection Potential" analysis indicates that they can make payments, but those payments will not be enough to full-pay the liability within the time remaining on the Collection Statute, the IRS will still agree to the payment plan. These agreements, called “partial-pay” installment agreements, will be just like a regular agreement except that the IRS will revisit the taxpayer every 18 months or so to see if the taxpayer’s ability to pay has improved.

Christopher G. Carmona CPA,CFE

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