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Started By
Message
Anyone ever set up payment plans with the IRS to pay taxes?
Posted on 4/11/25 at 1:25 am
Posted on 4/11/25 at 1:25 am
I’d rather just pay a monthly amount for a few months to pay what I owe instead of the lump sum.
How difficult is it? Can anyone assist?
How difficult is it? Can anyone assist?
14
Posted on 4/11/25 at 1:45 am to King of New Orleans
Send what you can with your 2024 balance due, you'll get a letter in a month or so with them saying essentially "we've received your payment and you still have a balance due of "X" to set up a payment plan call this number"
Posted on 4/11/25 at 4:10 am to King of New Orleans
You still pay interest on any balance owed so you are voluntarily paying more.
But you can apply online. I think there’s a application fee as well.
But you can apply online. I think there’s a application fee as well.
Posted on 4/11/25 at 4:18 am to King of New Orleans
IRS.gov
It is a pretty easy and straightforward process. Depending on how much you owe and if you have been late with any other payments in recent years, it is often automatically accepted.
It is a pretty easy and straightforward process. Depending on how much you owe and if you have been late with any other payments in recent years, it is often automatically accepted.
Posted on 4/11/25 at 6:15 am to King of New Orleans
The 15th is looming, I owe 10K due to taking some money out of an inherited IRA without withholding.
Posted on 4/11/25 at 6:45 am to King of New Orleans
Didn’t have an issue the one time I did it. Just call, that’s the worst part, calling. Or try online. But is it work the interest you will pay if you have the means to pay in full now?
Posted on 4/11/25 at 6:56 am to Dixie2023
Actually, do it all online. If you call, after 1.5 hours on hold you'll get some dindu with screaming kids in the background and the person will walk away from the phone for a few periods of time, be of zero help and have to "transfer" you which means hanging up on you.
(my only experience with calling the IRS)
ETA: Source
(my only experience with calling the IRS)
ETA: Source
This post was edited on 4/11/25 at 7:03 am
Posted on 4/11/25 at 7:32 am to Naked Bootleg
True. Do it with online.
Posted on 4/11/25 at 8:10 am to King of New Orleans
Like others said, pretty easy and almost guaranteed acceptance the first time. However, if I recall correctly you must stay current on future tax obligations during the payoff term so take that into account
Posted on 4/11/25 at 8:20 am to King of New Orleans
It’s not hard at all. As long as you apply for the payment plan and start paying something right away, you should be good.
Posted on 4/11/25 at 10:48 am to The Torch
Make sure your return is TIMELY filed. failure to file penalty is 5% of your balance per month up to 25%. Then state penalties can be just as bad -- depending on the state.
If you decide to not pay by the 15th at least file an extension.
If you decide to not pay by the 15th at least file an extension.
Posted on 4/11/25 at 12:25 pm to TigerDoug
You also are charged a fee to set it up. I think it’s $88
Posted on 4/11/25 at 12:28 pm to King of New Orleans
Yes. Give them a call.
They can do anything they want to with you and there's not really a damn thing you can do about it.
Give them a call and they'll be happy to work with you unless you've screwed them in the past. Either way, give them a call.
They can do anything they want to with you and there's not really a damn thing you can do about it.
Give them a call and they'll be happy to work with you unless you've screwed them in the past. Either way, give them a call.
Posted on 4/11/25 at 6:41 pm to theballguy
I pay monthly, no additional charge. Its called with holding
Posted on 4/11/25 at 9:19 pm to King of New Orleans
Don’t pay it until the fraud is actually fixed and the crooks are sent to GITMO!!!
Posted on 4/11/25 at 11:03 pm to TigerDoug
I thought with an extension you still had to send in estimated taxes owed?
Posted on 4/12/25 at 5:38 am to King of New Orleans
Pretty sure they rake you over coals in interest fees
Posted on 4/12/25 at 6:34 am to Dixie2023
You do.
Posted on 4/12/25 at 8:26 am to King of New Orleans
Why not earn interest on what you owe (lump sum). Enjoy time value of the money.
Posted on 4/14/25 at 8:49 am to King of New Orleans
Just filed and set one up through my IRS account. You have setup 3 or 6 month short term plans with minimal penalty but they also have a longer term plan option if needed.
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