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How do I set up a payment plan with the IRS?

You can apply for a short-term payment plan if you can pay in full within 120 days by using the online payment agreement (OPA) application at IRS.gov/OPA or call the IRS at 800-829-1040. Applying online for a payment plan, including an installment agreement.

Can you make a payment plan with the IRS?

When you file your tax return, fill out IRS Form 9465, Installment Agreement Request (PDF). The IRS will then set up a payment plan for you, which can last as long as six years. If you end up needing installment plans for more than one year, hire a tax attorney or CPA to negotiate a workable plan with the IRS.

How long can you do a payment plan with the IRS?

Consider an installment plan. When you file your tax return, fill out IRS Form 9465, Installment Agreement Request (PDF). The IRS will then set up a payment plan for you, which can last as long as six years. You'll incur a setup fee, which ranges from about $31 to $225, depending on how much income tax you owe.

What is the minimum payment the IRS will accept?

Balance of $10,000 or below If you owe less than $10,000 to the IRS, your installment plan will generally be automatically approved as a “guaranteed” installment agreement. Under this type of plan, as long as you pledge to pay off your balance within three years, there is no specific minimum payment required.

Can I make payments to the IRS if I owe money?

File Form 9465, Installment Agreement Request, to set up installment payments with the IRS. The IRS must allow you to make payments on your overdue taxes if: you owe $10,000 or less, or. you prove you can't pay the amount you owe now, or.

How long does it take for IRS to approve installment agreement?

It can take up to 30 days for the IRS to approve your Payment Plan/Installment Agreement. If you requested a Payment Plan/Installment Agreement when you E-filed your Tax Return, and it has not been approved yet, then I recommend that you make a payment by the due date of your return, 4/17/18.

How long does it take the IRS to process a payment plan?

It can take up to 30 days for the IRS to approve your Payment Plan/Installment Agreement. If you requested a Payment Plan/Installment Agreement when you E-filed your Tax Return, and it has not been approved yet, then I recommend that you make a payment by the due date of your return, 4/17/18.

How do I know if my IRS payment plan was approved?

You can also confirm your installment agreement with the IRS by calling them at 1-800-829-1040 Monday – Friday, 7:00 am — 7:00 pm local time once your return has been fully processed (allow 2 weeks for processing).

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