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I have an installment agreement with IRS for monthly

payments. I paid 8 days...
I have an installment agreement with IRS for monthly payments. I paid 8 days late on this months payment. Can they cansel the agreement??
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Answered in 5 minutes by:
12/18/2017
Richard
Richard, Tax Attorney
Category: Tax
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Good evening. Although they could, they won't. You may get an automated letter informing you that the late payment caused a termination, but should that happen, you can simply call them up, explain that you paid a few days late, and the installment agreement will be reinstated for you. Only if you continually default on an installment agreement do problems arise, but in general, as long as you show a good faith effort to make your payments, the IRS is willing to allow a reinstatement. Having said the foregoing, given that you were only 8 days late, it's not likely you will even get such a letter of termination.

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