The Wisconsin Deferred Payment Plan or Agreement is a payment plan offered by the Wisconsin Department of Revenue that allows individuals and businesses to pay their outstanding taxes over time. This plan is available for both income and property taxes. It is important to note that this plan does not reduce the amount of taxes you owe, but rather allows you to make payments towards your outstanding tax debt. There are two types of Wisconsin Deferred Payment Plans: an Installment Agreement and an Offset Agreement. An Installment Agreement is a payment plan that allows the taxpayer to make payments towards their outstanding tax debt over a specified period of time. The payments are typically made monthly and the agreement is based on the taxpayer’s financial circumstances. An Offset Agreement is a payment plan that allows the taxpayer to make payments towards their outstanding tax debt using funds from a third-party source. The funds can come from a variety of sources, such as a savings account, a loan, or an insurance policy. Both types of Wisconsin Deferred Payment Plans require the taxpayer to submit an application and provide financial information. The Department of Revenue will then review the application and determine if the taxpayer qualifies for the payment plan.