I'm on a payment plan for 2015 federal taxes. This tax year, 2016, I have to pay again but I would like to pay 2016 in full while remaining on the 2015 payment plan. Is this possible or will the payment for 2016 taxes be applied to 2015 balance? The reason why I need to know this is that I don't want to set up a new payment plan agreement for 2016 ($120 fee) or amending it ($50 fee).
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As long as you are making your payments for 2015 on time and the payment for the 2016 is attached to your 2016 tax return whether by Form 1040V with a check in the mail or by direct debit or credit card, it will be connected to the 2016 tax liability.
There is no reason why they would make any adjustments to the current installment agreement. Part of that agreement is that you will remain current with your tax obligations.
As long as you are making your payments for 2015 on time and the payment for the 2016 is attached to your 2016 tax return whether by Form 1040V with a check in the mail or by direct debit or credit card, it will be connected to the 2016 tax liability.
There is no reason why they would make any adjustments to the current installment agreement. Part of that agreement is that you will remain current with your tax obligations.
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