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After you file
If you can pay the balance within 120 days, arrange to do so with the IRS, and you can avoid paying the installment plan set up fee. If you can't pay within 120 days, set up an installment plan with the IRS.
There are different types of penalties and interest that can be charged on outstanding balances. For information on these go to the following IRS web page: Common Penalties for Individuals
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May 10, 2021
7:39 PM