I am amending my tax return because I didnt put all of my w2's in. Now that im including all of them I see now i do owe money. Should i get a payment plan before or after

[nadiakirk52795-g]

Payment plan before or after I file my amend?

[bluedeb · Accepted solution]

If the program lets you when you go to file, you can setup a payment plan then.  If the program does not offer the payment plan, you can apply for one on the IRS website.  On a payment plan, you will still incur penalty and interest until the full amount of taxes due are paid.

Avoid a penalty by filing and paying your tax by the due date, even if you can’t pay what you owe.

For individuals and businesses: Apply online for a payment plan (including installment agreement) to pay off your balance over time. Fees apply.

For more information on payment plans including streamlined, in-business trust fund express, guaranteed, and partial payment installment agreements refer to Tax Topic No. 202-Tax Payment Options.

Apply for a Payment Plan

[nadiakirk52795-g]

All it says is to set up a date to pay between 4/16 and 4/18? I dont see a payment plan option available. 

[bluedeb]

@nadiakirk52795-g   Those dates are for if you were going to pay taxes owed by direct debit.  As I stated, the amendment form may not let you apply for a Payment Plan.  You can go to the IRS website with the information I gave you above and setup a payment plan.  You can do all this after you file your amended return.  

[nadiakirk52795-g]

Okay makes sense! I am just worried that if I select a date they'll take out what I owe before I can apply for a payment plan 

[bluedeb]

@nadiakirk52795-g  Don't enter any banking information.  To get pass that, say you will pay by check, that way you can file your amended return.  A payment voucher may print but you can ignore it.  Then go to the IRS website to request a Payment Plan.