I filed my tax return with TurboTax a couple of weeks ago, and I found out I owe money to the IRS. I submitted an installment plan request which was approved, and I just got the IRS letter in the mail today. I am about to get an unexpected windfall, so I was planning to send a check for my entire tax bill before April.
The letter says that if I send them payments before the installment plan kicks in, it will reduce interest etc - what if I send them the entire balance? Will the installment plan still kick in, with the initial setup fee of $107 being debited from my checking account?