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camilahm
New Member

I want to request an Short Term Payment Plan (120 Days) - not the monthly payments -, but I can't find the this option. Which option should I choose?

Which option should I check in the step "How would you like to pay your federal taxes?"
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1 Reply

I want to request an Short Term Payment Plan (120 Days) - not the monthly payments -, but I can't find the this option. Which option should I choose?

There really is no “short” payment plan.  The short plan just means pay as soon as you can.  The penalties and interest over 4 months will almost always be less than the application fees for a longer formal plan.  Indicate in TurboTax that you will “pay by mail”.  Then mail a check for as much as you can by April 15, or make an electronic payment at www.irs.gov/payments.  Then pay the balance as soon as you can.  The IRS will bill you for the penalties and interest.  

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