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Short term payment plan questions

Hi, I have some questions on setting up a short term payment plan (180 days). 

- when you set it up, does it send you a letter in the mail stating that?  Or is the letter only sent for long term plan? 
- can you decide how much to pay each month, or do you have to commit to one amount each month?  Is it on autopay, or you do you in and pay manually?

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Short term payment plan questions

Yes, a confirmation letter should be sent to you.  This is implied under How do I determine if I qualify for low income taxpayer status? and How do I manage my plan to avoid default? on the IRS' Additional information on payment plans page.

 

For a short-term payment plan, in which you pay your amount owed in 180 days or less, monthly payments aren't necessary.  According to Short-term payment plan in the link above, your payment options include:

  • Paying directly from a checking or savings account 
  • Paying electronically online or by phone using Electronic Federal Tax Payment System (EFTPS), and 
  • Paying by check, money order or debit/credit card

 

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1 Reply

Short term payment plan questions

Yes, a confirmation letter should be sent to you.  This is implied under How do I determine if I qualify for low income taxpayer status? and How do I manage my plan to avoid default? on the IRS' Additional information on payment plans page.

 

For a short-term payment plan, in which you pay your amount owed in 180 days or less, monthly payments aren't necessary.  According to Short-term payment plan in the link above, your payment options include:

  • Paying directly from a checking or savings account 
  • Paying electronically online or by phone using Electronic Federal Tax Payment System (EFTPS), and 
  • Paying by check, money order or debit/credit card

 

**Say "Thanks" by clicking the thumb icon in a post

**Mark the post that answers your question by clicking on "Mark as Best Answer"

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