What are the conditions of an installment agreement?
• As a condition of an installment agreement, any refund due in a future year will be applied against the amount owed. • Therefore, taxpayers may not get all of their refund if they owe certain past-due amounts, such as federal tax, state tax, a student loan, or child support. • The IRS will automatically apply the refund to the taxes owed. • If the refund does not take care of the tax debt; then the installment agreement continues until all of the terms are met.
