If you owe unpaid taxes to the State of California, you may be eligible for an installment agreement. An installment agreement allows you to pay off your tax debt in manageable monthly payments, rather than all at once.

The State of California offers several different installment agreement options, depending on the amount you owe and your financial situation.

If you owe less than $10,000, you can apply for an online payment agreement. This allows you to set up monthly payments that will pay off your debt in no more than 24 months.

If you owe between $10,001 and $25,000, you can apply for a Guaranteed Installment Agreement. This agreement allows you to set up monthly payments that will pay off your debt in no more than 60 months.

If you owe more than $25,000, you can apply for a Streamlined Installment Agreement. This agreement requires you to provide financial information to the State of California, but it allows you to set up monthly payments that will pay off your debt in no more than 84 months.

It`s important to note that interest and penalties will continue to accrue on your unpaid taxes while you`re on an installment agreement. However, the State of California may be willing to reduce your penalties if you comply with the terms of your installment agreement.

To apply for an installment agreement, you`ll need to fill out an application and provide financial information to the State of California. You can do this online through the MyFTB account system, or you can download a paper application and mail it in.

If you have unpaid taxes to the State of California, don`t panic. An installment agreement can help you pay off your debt in a way that`s manageable for your budget. Contact the State of California Franchise Tax Board to learn more about your options.