If you miss an Installment Agreement payment to the IRS, your agreement may be defaulted, and the full remaining balance will become due immediately. The IRS can also take enforced collection actions, such as levying your bank accounts, garnishing your wages, or filing a Notice of Federal Tax Lien. To avoid default, you should make your payments on time or contact the IRS as soon as possible if you anticipate difficulties. The IRS may reinstate your agreement if you can demonstrate your ability to comply with the terms.
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