Recently got IRS notice of adj for 2015 taxes. Filed 2016 taxes, thinking I'll get a refund to offset it, but I owe for 2016. Can I do an installment agreement for both?

[bunsy21]

IRS notice of adjustment for 2015 taxes received. Just filed 2016 taxes and owe. No installment agreement set up yet.

[MiriamF · Accepted solution]

Yes, you can apply for an installment agreement for both years. Note that the IRS charges a fee.

If you can pay off your debt within a year, you can make do without an installment agreement. Mail a check plus the voucher for as much as you can afford to pay. The IRS will send a response thanking you for the payment and listing your current balance plus another voucher.

If it will take longer than a year to pay your debt, then you will need to apply for a payment plan. to do this through TurboTax, you must apply before you file your return.

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