{"ok":true,"canonical_url":"https://dealroom.so/glossary/irs-payment-plan","api_url":"https://dealroom.so/api/public/glossary/irs-payment-plan","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"irs-payment-plan","term":"IRS payment plan","group":"People and paperwork","definition":"An agreement with the IRS to pay overdue taxes in installments. Lenders will review this history closely as part of your financial character.","what_it_means":"If you or the seller have an IRS payment plan, the lender needs to see it's current and manageable. Unpaid taxes can jeopardize loan approval or become a lien against the business's assets.","url":"https://dealroom.so/glossary/irs-payment-plan","official_sources":[],"related":[{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"},{"slug":"personal-financial-statement","term":"Personal financial statement","url":"https://dealroom.so/glossary/personal-financial-statement"},{"slug":"derogatory-mark","term":"Derogatory mark","url":"https://dealroom.so/glossary/derogatory-mark"}],"related_questions":[{"question":"What if the business I'm acquiring currently owes money to the IRS or state tax authorities?","url":"https://dealroom.so/sba-7a/questions/what-if-the-business-i-m-acquiring-currently-owes-money-to-the-irs-or-state-tax-authoritie"},{"question":"What happens if my business has outstanding federal taxes, like IRS debt, when applying for an SBA loan?","url":"https://dealroom.so/sba-loans/basics/what-happens-if-my-business-has-outstanding-federal-taxes-like-irs-debt-when-applying-for-"},{"question":"What happens if a buyer for an SBA 7(a) loan has an active tax lien, even if on a payment plan?","url":"https://dealroom.so/sba-7a/questions/what-happens-if-a-buyer-for-an-sba-7-a-loan-has-an-active-tax-lien-even-if-on-a-payment-pl"},{"question":"Is a comprehensive business plan mandatory for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/is-a-comprehensive-business-plan-mandatory-for-an-sba-7-a-loan"},{"question":"Is a detailed business plan necessary for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-loans/basics/is-a-detailed-business-plan-necessary-for-an-sba-7-a-loan-application"},{"question":"How important is a business plan for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-loans/basics/how-important-is-a-business-plan-for-an-sba-7-a-loan-application"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — IRS payment plan","url":"https://dealroom.so/glossary/irs-payment-plan","source_type":"DealRoom Data"}}