IRS Repayment Plan to Pay Taxes Owed

[otispopis21]

I E-filed electronically and requested to pay taxes owed through a short-tern repayment with monthly payments debited from my checking account.  Do I still need to mail form 1040 along with form 1040-V with a check until the IRS approves my repayment plan request?

[ColeenD3]

No. You e-filed your 1040 already. You would not pay the whole balance if you requested and Installment Agreement. The IRS will get in touch with you.

[otispopis21]

Thank you for the reply Colleen.

[fanfare]

pay what you can as soon as possible.

Don't include 1040-V if you are not paying in full.

make sure SSN  and "For year 2020" is on your check.

[otispopis21]

Thanks fanfare.  I already made a partial payment through IRS Direct and plan to take care of the remaining balance within the next 30 days.

[larco849]

How do I go about paying my due taxes on a monthly basis

[DaveF1006]

Please read the IRS publication regarding payment plans. in the publication, it mentions:. If you are an individual, you may qualify to apply online if:

1. Long-term payment plan (installment agreement): You owe $50,000 or less in combined tax, penalties and interest, and filed all required returns.
2. Short-term payment plan: You owe less than $100,000 in combined tax, penalties and interest.

Select the apply online link to apply to make a payment plan.