There can be only one installment agreement that includes all the tax years in which you owe an outstanding tax debt. A new tax balance due would automatically default on your existing installment agreement. To reiterate, you cannot have two installment agreements with the IRS. However, you can pay off more than one tax debt by paying your current installment payment.
Submit your request online through the online payment agreement tool or by phone or by mail by submitting Form 9465, Request for an Installment Agreement. The Office of Management and Budget has directed federal agencies to charge users fees for services such as the installment agreement program. When you apply for a payment plan (installment agreement), with certain exceptions, the IRS is generally prohibited from collecting taxes and the IRS's time to collect is suspended or extended while an installment agreement (IA) is pending. Even if you can't pay your taxes, the IRS won't accept an installment agreement unless you're up to date with all your returns, so it's imperative that you don't have any unfiled tax returns.
If you are a low-income taxpayer, you will not be charged the user fee if you agree to make direct debit payments through an installment direct debit agreement (DDIA). Applicants must submit the form to the IRS within 30 days from the date of their letter of acceptance of the installment agreement to ask the IRS to reconsider their status. Unfortunately, the answer to “Can you have two installment agreements with the IRS? You can only consolidate the years together into one payment plan. You have several options when it comes to requesting an installment agreement, all of which require contacting the IRS.
If you are unable to make the required minimum payment amount, you will receive instructions to complete Form 9465 Request for Installment Agreement in PDF and Form 433-F Collection Information Statement in PDF. If you already have an installment agreement and also expect to owe taxes for the current year, you should act quickly to request a change to your existing installment agreement. This information constitutes a complete financial picture of you and your company, helping the IRS develop an appropriate installment plan. Take one of these steps before the due date of the relevant fiscal year to avoid collection actions that violate your existing installment agreement.
You can add taxes due in a future fiscal year to the installment agreement, but this does not qualify as a second agreement. As part of its ongoing efforts to address these issues, the IRS has given taxpayers more options to pay the taxes they owe through installment agreements.
