IRS Installment Plan

[rp285598]

Do you know if someone already has installment agreement with IRS if they have to submit a new agreement again if they have to pay again this year?  I was trying to help someone submit their taxes they are still paying the agreement they made on last years taxes. They were asking me if the existing payment agreement would just include what they owe this year and would continue until both years are paid. 

[DawnC]

You have to modify your existing plan - You can do this at the IRS website >> You can make any desired changes by first logging into the Online Payment Agreement tool. On the payment options page, you can revise your current plan type, payment date, and amount. Then submit your changes.

If your new monthly payment amount does not meet the requirements, you will be prompted to revise the payment amount. If you are unable to make the minimum required payment amount, you will receive directions for completing a Form 433-H, Installment Agreement Request and Collection Information Statement PDF, Form 433-F, Collection Information Statement PDF or Form 433-B, Collection Information Statement for Businesses PDF and how to submit it.