I don't see my 2024 balance in my IRS account. I requested a 6 month extension which was auto-approved but still shows as pending. Is it possible to change to a 12 month?

[edent508]

I am guessing it will take time to show online, as I know they'll be calculating some interest. Does anyone know if a 6 month extension can be modified into a 12 month plan? I owed an unexpectedly large amount this year (long story), and would like to give myself the extra 6 months to pay it down. I have never owed back taxes before so I have always been in good standing with the Federal IRS.

[DoninGA]

The extension request is only for filing the 2024 tax return until October 15, 2025.  It does not give you extra time to pay any taxes owed.  The deadline for payment of 2024 taxes owed was April 15, 2025 to avoid a failure to pay penalty.

If you cannot pay the taxes owed at this time you can request a payment plan through the IRS.  The payment plan does not stop any penalties or interest on the unpaid tax balance.

Go to this IRS website for an online payment agreement application -  https://www.irs.gov/payments/online-payment-agreement-application

[edent508]

Yes, I understand this, but I didn't request an extension to FILE my taxes, I requested a short-term extension to pay my taxes. I know there will be penalties / interest acrued since I am deliquent as of a few days ago. I had gone online to the pay your taxes section and requested the short term extension to pay by August, and it was auto-approved. However, my question is if it is possible some someone to convert the short term payment extension (6 months) into a longer term (ie. 12 month)? Or if it's basically set in stone. I have accepted this will cost me in interest and used a calculator to calculate what it will cost me in the end. 

[DoninGA]

@edent508 Go to this IRS website and then click on How do I review or revise an existing plan? - https://www.irs.gov/payments/online-payment-agreement-application#individual

[edent508]

Yeah, I had tried that before. It still doesn't show my balance online, and it has my current payment plan is pending. There is no option to actually revise it, so I think I just need to give it another few weeks before it reports properly online. Then, I'm hoping I can simply modify it and then add a monthly auto-debit.

[taxlady28 · Accepted solution]

The IRS will contact you to finalize your plan, usually in June.  You can make the changes then.