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Level 2
April 17, 2020
Solved

Payment Plan

  • April 17, 2020
  • 1 reply
  • 11 views

I filed my federal taxes with the IRS electronically using Turbo Tax.  I owe just over $2,000.  When I filed I indicated I would pay lump sum by 07/15/20.  However, I letter went into the IRS website and applied for a payment plan, which was accepted.  My question is, do is just mail in checks to the IRS with my social security number on the check, or should I expect to receive vouchers from the IRS to include with my payment.  I'm thinking I should send my first payment this month of April.

Best answer by SusanY1

Do send your first payment in now, so that your installment agreement will not default.  On the checks be sure to indicate your social security number followed by "1040, 2019" (assuming this is for your 2019 tax return.) 

 

Typically, the IRS will send you bills and/or vouchers but many things are slow to process at this time and you want  to ensure that your payment is received timely.

1 reply

SusanY1
SusanY1Answer
Level 15
April 17, 2020

Do send your first payment in now, so that your installment agreement will not default.  On the checks be sure to indicate your social security number followed by "1040, 2019" (assuming this is for your 2019 tax return.) 

 

Typically, the IRS will send you bills and/or vouchers but many things are slow to process at this time and you want  to ensure that your payment is received timely.

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Level 2
April 20, 2020

Thank you, this is very helpful and answered my question!