If a taxpayer's assets and income stream are larger than the tax owed, an Installment Agreement may be an option to resolve IRS problems. There are guidelines regarding how the IRS determines the payment amount and time frame for the agreement.
As with most IRS programs, the Installmen t Agreement is a formal process requiring in-depth financial disclosures and analysis, however, the request prohibits the IRS from taking enforcement collection action against the taxpayer.