The IRS may allow you to set up an installment plan in which you pay your debt in installment payments. The IRS can grant you up to five years to pay your debt and in that time you must pay the entire amount due as well as any charges, fees and penalties that you acquired. Your email address will not be published. Required fields are marked *. A href= title= abbr title= acronym title= b blockquote cite= cite code del datetime= em i q cite= strike strong. 2015 Tax Payment Plan Entries (RSS).