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I am paying my 2015 taxes on an installment plan, should I claim the amount paid in 2016 under payments with extensions?

 
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3 Replies
Melaine
New Member

I am paying my 2015 taxes on an installment plan, should I claim the amount paid in 2016 under payments with extensions?

Are these payments for an IRS installment plan or State?

I am paying my 2015 taxes on an installment plan, should I claim the amount paid in 2016 under payments with extensions?

IRS Installment Plan
Melaine
New Member

I am paying my 2015 taxes on an installment plan, should I claim the amount paid in 2016 under payments with extensions?

The amount paid to the IRS is not to be included on your return, just as a refund is not considered income.  Also, these are separate from your 2016 taxes and not associated.  If you will have a tax liability for 2016 you can contact the IRS to add the amount to your current installment plan, if you will receive a refund, they will add that amount to your balance and if the refund is more than the balance owed you will receive the difference in a check. 

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