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I don’t have the entire amount I owe on my Federal return. What do I do?

 
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Coleen3
Intuit Alumni

I don’t have the entire amount I owe on my Federal return. What do I do?

You can get on a payment plan.

The best thing you can do is pay it before April 15 this year. If you can't you can fill out Form 9465 Installment Agreement Request. You will be liable for penalties and interest.

Understand your agreement & avoid default

  • Your future refunds will be applied to your tax debt until it is paid in full;
  • Pay at least your minimum monthly payment when it's due;
  • Include your name, address, SSN, daytime phone number, tax year and return type on your payment;
  • File all required tax returns on time & pay all taxes in-full and on time (contact us to change your existing agreement if you cannot);
  • Make all scheduled payments even if we apply your refund to your account balance; and
  • Ensure your statement is sent to the correct address, contact us if you move or complete and mail Form 8822, Change of Address (PDF).

For complete information, see https://www.irs.gov/individuals/payment-plans-installment-agreements.

 

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