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ak457
Level 1
January 26, 2022
Solved

tax payment plan from IRS

  • January 26, 2022
  • 1 reply
  • 13 views

Hi - What are the payment plans like from IRS with regards to interest or penalty and time frame within which you have to finish paying?  Is monthly payments required or will it just accumulate interest until you pay it off?

    Best answer by ColeenD3

    A payment plan, known as an Installment Agreement, (Form 9465) does charge interest. You would pay it monthly and ideally not miss any payment. You choose the number of months you wish to pay the balance due. The faster, the better.

     

    Please see this LINK for more information.

    1 reply

    ColeenD3
    ColeenD3Answer
    Level 15
    January 26, 2022

    A payment plan, known as an Installment Agreement, (Form 9465) does charge interest. You would pay it monthly and ideally not miss any payment. You choose the number of months you wish to pay the balance due. The faster, the better.

     

    Please see this LINK for more information.

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