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Level 3
posted Oct 12, 2023 8:21:07 AM

installment plans

How do I request an installment plan for the amount I owe on my taxes?  Do I do this before I file the return or as I am filing it?

0 5 697
5 Replies
Level 15
Oct 12, 2023 8:27:20 AM
Level 3
Oct 12, 2023 9:25:23 AM

Thank you for that answer.  I've read the instructions but do I file the return first and then reply so I will know the amount?

Thank you

Level 15
Oct 12, 2023 10:11:40 AM

 If you have federal tax due you can pay by mailing your payment with the 1040V voucher, (which has the address printed on it, having the payment taken out of a designated bank account, or you can pay directly on the IRS website. 

 

https://www.irs.gov/payments

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-can-i-pay-my-federal-taxes/00/26212

 

 

https://ttlc.intuit.com/community/tax-payments/help/how-do-i-pay-my-irs-tax-due-with-a-check-or-money-order/00/26403 

 

 

To apply for a payment plan with the IRS

 

Apply Online for a Payment Plan

 

 

You must pay your state tax due using the state’s preferred method of receiving payment.  For most states that will be by making a payment to the state’s own tax website, or by mailing a check or money order.

https://ttlc.intuit.com/questions/1900884-what-are-my-options-for-getting-my-state-refund-or-for-paying-any-state-taxes-i-owe

 

https://ttlc.intuit.com/questions/1901670-how-do-i-contact-my-state-department-of-revenue

 

Level 15
Oct 12, 2023 12:44:13 PM

For the IRS, select "I'll mail a check", but don't actually do that.

you have to go to IRS.gov via ID.me to request a payment plan.

 

@pbarber 

Level 15
Oct 12, 2023 12:48:41 PM

Mail a check now for as much as you can afford, to reduce the amount you will have to finance with ongoing interest.

@pbarber