7.2.4 Streamlined Installment Agreements

An individual taxpayer may apply for a streamlined installment agreement if the aggregate unpaid balance is less than $50,000 and can be fully paid within 72 months.1 Full compliance (including filing of tax returns) is required for a streamlined installment agreement. A streamlined installment agreement can be granted without submission of a collection information statement or financial documents to the IRS. Most installment agreements obtained for taxpayers fall in this category.

• 1Memorandum SBSE 05-0112-013 (Jan. 20, 2012); see also I.R.M. 5.14.5, .10 (providing I.R.M. implementation rules).