I currently have an installment plan with the IRS. Did you have to send another one? And, do I have to sent in 1040V if $1,000. is being deducted from my acct.?

mercy32700 · ‎June 4, 2019

MiriamF · ‎June 4, 2019

If you already have an installment plan for 2016, you don't have to send in the voucher or an additional payment. The IRS as agreed to this plan, so they will happily take your money as scheduled and charge you interest on the unpaid balance.

The interest rate is currently 3%. It gets recalculated every three months, based upon the federal lending rate plus 3%.

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MiriamF · ‎June 4, 2019

If you already have an installment plan for 2016, you don't have to send in the voucher or an additional payment. The IRS as agreed to this plan, so they will happily take your money as scheduled and charge you interest on the unpaid balance.

The interest rate is currently 3%. It gets recalculated every three months, based upon the federal lending rate plus 3%.

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I currently have an installment plan with the IRS. Did you have to send another one? And, do I have to sent in 1040V if $1,000. is being deducted from my acct.?