Solved: Can I pay off the total balance due to the IRS today and not have payments pulled out monthly as I originally documented when I filed my taxes?
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Can I pay off the total balance due to the IRS today and not have payments pulled out monthly as I originally documented when I filed my taxes?

 
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Level 15

Can I pay off the total balance due to the IRS today and not have payments pulled out monthly as I originally documented when I filed my taxes?

If you applied for a payment plan, and have not had a response yet, it is best to wait for the IRS to contact you.  Usually they will send a letter confirming the payment plan and telling you when the first payment will start.  At that point, you can pay in full, and future payments will be stopped.  The risk is that if you pay now, then after the IRS approves the payment plan they will still start taking payments.

Also, the application fee for the payment plan can't be refunded, even if you pay in full the day after applying.  That's an IRS rule, sorry.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

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Level 15

Can I pay off the total balance due to the IRS today and not have payments pulled out monthly as I originally documented when I filed my taxes?

If you applied for a payment plan, and have not had a response yet, it is best to wait for the IRS to contact you.  Usually they will send a letter confirming the payment plan and telling you when the first payment will start.  At that point, you can pay in full, and future payments will be stopped.  The risk is that if you pay now, then after the IRS approves the payment plan they will still start taking payments.

Also, the application fee for the payment plan can't be refunded, even if you pay in full the day after applying.  That's an IRS rule, sorry.

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*

View solution in original post

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