How can I modify or terminate an existing Installment Agreement with the IRS?

You can request to modify or terminate an existing Installment Agreement with the IRS by submitting Form 433-D, Installment Agreement, or calling the IRS at 1-800-829-1040. To modify the agreement, you may need to provide updated financial information to justify a change in the monthly payment amount or payment due date. To terminate the agreement, you can choose to pay the remaining balance in full or request a different resolution option, such as an Offer in Compromise. It’s important to communicate with the IRS promptly if your financial situation changes, as they may be willing to work with you to avoid defaulting on the agreement.