Yes, taxpayers will receive communication when their installment agreement is satisfied. The IRS sends a statement when each tax period is paid and also provides an annual statement of installment agreement activity. This allows taxpayers to review their account for any current balance and payment history.
Sources:
IRM Part 5. Collecting Process. Chapter 14. Installment Agreements. Section 11. Defaulted Installment Agreements, Terminated Agreements and Appeals of: Proposed Terminations (Defaults), and Terminated Installment Agreements
IRM Part 5. Collecting Process. Chapter 19. Liability Collection. Section 1. Balance Due
IRM Part 21. Customer Account Services. Chapter 3. Taxpayer Contacts. Section 1. Taxpayer Contacts Resulting From Notice Issuance
IRM Part 2. Information Technology. Chapter 4. IDRS Terminal Input. Section 30. Command Codes IAGRE, IAORG, IAPND, IAREV, IADFL, and IADIS
IRM Part 5. Collecting Process. Chapter 14. Installment Agreements. Section 7. BMF Installment Agreements
Publication 3598 (11/2023)
