<prompt> Human: My wife and I are currently having a new home built projected close date mid July, our bank advised us not to go finance a car or get a new credit card while we wait to close on the house.Would choosing an installment plan with IRS to pay tax debt put anything in jeopardy? Do they run your credit in order to approve you?Tax bill is about 3,500 and we would do the 120 day plan that charges no fees or interest.  <response>: It wont even show up on your credit. It will, however, show up on your bank statements, which the bank will want to see.After bankruptcydivorceforeclosure, I had a payment plan in place and was trying to buy a house. Got a big lecture about how its a collections account and a major red flag. If youre past the point where you turn over bank statements and W2s, however, the lender might miss it. 