Say you have an installment agreement that you are paying off over 72 months for one tax year and you can't pay the current tax year when you file your taxes.

You may be asked to provide proof of changes in your financial situation so have that information available when you call. accountant told me "any unpaid balance gets rolled into the old agreement" which doesnt look true

“For taxpayers under an Existing Installment Agreement, payments due between April 1 and July 15, 2020 are suspended. Moreover, you may also use Form 9465 (Installment Agreement Request). If so what is the process to do that? An IRS Installment Agreement can be very easy to setup or can be very complicated depending on your circumstances.

You agree to pay the liability before the period for collecting the tax expires.

If you owe more than $50,000, you will have to negotiate with the IRS to get one and provide financial information. As part of its Fresh Start program, the IRS recently adopted new rules making it easier to obtain an installment agreement. If you owe $50,000 or less in combined tax, penalties and interest you may qualify for a long-term payment plan of up to 72 months.

My CPA tax guru friend Jim Buttonow told me “If a taxpayer is in an installment agreement with the IRS, they can suspend payments through July 15th.

Payment Plans, Installment Agreements-- Most individuals can set up a payment plan, including an installment agreement, with the IRS using the Online Payment Agreement application in a matter of minutes.

If you owe less than $50,000, you can use the IRS’s website to request an installment agreement.

Call the IRS immediately at 1-800-829-1040.

When you cannot pay the taxes you owe, you can establish an installment agreement with the IRS.This allows you to pay down the balance over time.

Streamlined Installment Agreements. Prior to the Fresh Start Program, the IRS only allows streamlined installment agreements if the tax owed is equal to or less than $25,000. If you have filed your tax return for the year but you don’t have money to pay, you don’t have to wait for a bill to set up a payment plan.

it looks like my old agreement goes into default on july 15th if i can't pay the new bill. Options could include reducing the monthly payment to reflect your current financial condition.

The answer to this is setting up an IRS Installment Agreement.

To apply for an Installment Agreement, you have to fill out Form 433, which is the Collection Information Statement. As part of the IRS’ so-called “Fresh Start Program,” they revised the streamlined installment agreement.

tried to call but apparently the IRS is out of their offices due to covid.

Alert: The IRS's People First Initiative offers relief for taxpayers who have installment agreements.

Taxpayers might qualify for a range of installment agreement options depending on their individual situations.

You can pay the full amount you owe within three years. Neither you (nor your spouse, if you filed joint) have had an installment agreement with the IRS in the previous five years. By law, the IRS may assess penalties to taxpayers for both failing to file a tax return and for failing to pay taxes they owe by the deadline.