I own federal taxes and apply for OPA in my Turbotax, need to make first payment with my e-file federal taxes. as I send then. but when that payment will be taken?

[reynaldo520]

I am ok with making the first payment, but not sure if it will be taken right away from my checking account as soon as i send the e-files, or will be taken later after IRS agree with the OPA?

[DawnC0 · Accepted solution]

If you make a payment with your e-file, your payment will be collected right away.  Your installment agreement will be accepted if you owe less than $10K and all of the following apply:

• During the past 5 years, you filed and paid on time, and had no other installment agreements
• You can prove that you cannot pay on time
• You agree to pay the full amount within 3 years and to comply with tax laws while the agreement is in effect.  

Different ways to apply for an IRS installment plan

• Apply for an IRS installment plan with TurboTax
• Online on the IRS website
• By filling out Form 9465 and sending it to the IRS
• Calling the IRS at 1-800-829-1040