Amended Tax Return: Tax Liability

[fasteddie577]

Hi, I had to amend my 2022 tax return and have income taxes due. I cannot afford to pay the full amount at this time. What are my options for payment to the IRS? Thank you in advance. 

[DoninGA]

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

[fasteddie577]

Thank you. 

[fasteddie577]

Does the IRS have to process the amended return before we can set up the online payment plan? Thanks. 

[DoninGA · Accepted solution]

You can set up a payment at any time. 

However, for the amended return, it would probably be better to wait until the status of the return shows as being Received on the IRS website - https://www.irs.gov/filing/wheres-my-amended-return

[fasteddie577]

Thank you for that. Should we include a letter stating that we will be applying for a payment plan when submitting the amended return and a partial payment in the form of a check? 

Sorry for all the questions. Thanks. 

[DoninGA]

A letter stating that you will be applying for a payment plan is not needed.  A partial payment would be good so the amount of the payment plan is reduced and would also lower any penalties and interest that are going to be assessed by the IRS while on a payment plan.

[fasteddie577]

Thank you very much for your assistance. This really helps.