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Hello! I am a CPA here to assist you with your tax questions. My goal is to provide you with excellent service today.
I'm so sorry to hear about your situation!
And I hate to be the bearer of bad news, but when you default on your installment agreement, the IRS can pursue collections actions against you which include garnishing pension checks.
Your best option is to try to negotiate a new payment amount that you can afford
If you have no money and no assets, then you could get in currently not collectible status, which would prevent the IRS from taking collections actions against you. They only grant this when it's certain that someone does not have assets to liquidate and has very little funds to garnish.
Another option would be the offer in compromise
this is where you get together all that you possibly can, and the IRS agrees to take it for full payment of your debt. This is also rare, and only happens when the IRS does not believe they could reasonably collect more than the offer amount.
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