Does it cost to set up and IRS Installment Agreement?

Yes.

The IRS charges taxpayers a fee to set up an Installment Agreement. The fee for new Installment Agreements is $105 (this could change) and $52 for agreements where payments are deducted directly from the taxpayers bank account. Taxpayers with extremely low incomes, can apply to pay a lower fee.

Visit www.irs.gov for updated tax codes.

Before you can request an IRS Installment Agreement, you must file all past due tax returns.

It is more cost effective, to have a Tax Preparer or Tax Accountant to complete your past due returns. You can then employ a Tax Attorney or Enrolled Agent to file a bankruptcy or Offer in Compromise.