{"ok":true,"canonical_url":"https://dealroom.so/glossary/irs-repayment-plan","api_url":"https://dealroom.so/api/public/glossary/irs-repayment-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-repayment-plan","term":"IRS Repayment Plan","group":"People and paperwork","definition":"An agreement with the IRS to pay overdue taxes in installments. For an SBA loan, any personal or business tax issues must be addressed and current.","what_it_means":"If the seller or you have an IRS Repayment Plan, it must be current and fully satisfied or in good standing with sufficient payments made. For an SBA loan, any federal debt, including tax liens, must be resolved or addressed before or at closing. An Active Tax Lien is a major problem if not handled.","url":"https://dealroom.so/glossary/irs-repayment-plan","official_sources":[{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"active-tax-lien","term":"Active Tax Lien","url":"https://dealroom.so/glossary/active-tax-lien"},{"slug":"irs-transcripts","term":"IRS transcripts (4506-T)","url":"https://dealroom.so/glossary/irs-transcripts"},{"slug":"tax-return","term":"Tax return","url":"https://dealroom.so/glossary/tax-return"},{"slug":"personal-judgment","term":"Personal judgment","url":"https://dealroom.so/glossary/personal-judgment"}],"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 is the typical repayment term for working capital only?","url":"https://dealroom.so/sba-loans/basics/what-is-the-typical-repayment-term-for-working-capital-only"},{"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":"Does the SBA set specific repayment schedules for 7(a) loans?","url":"https://dealroom.so/sba-loans/basics/does-the-sba-set-specific-repayment-schedules-for-7-a-loans"},{"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"}]},"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 Repayment Plan","url":"https://dealroom.so/glossary/irs-repayment-plan","source_type":"DealRoom Data"}}