Additional information on IRS Payment Plans (Part IV)

Additional information on IRS Payment Plans (Part IV)

AM I ELIGIBLE TO APPLY ONLINE FOR A PAYMENT PLAN?

Your specific tax situation will determine which payment options are available to you.
Payment options include full payment, short-term payment plan (paying in 180 days or
less) or a long-term payment plan (installment agreement) (paying monthly).
If you are an individual, you may qualify to  apply online  if:

-Long-term payment plan (installment agreement): You owe $50,000 or less in
combined tax, penalties and interest, and filed all required returns.

-Short-term payment plan: You owe less than $100,000 in combined tax, penalties
and interest.

If you are a business, you may qualify to apply online if:

-Long-term payment plan (installment agreement): You have filed  all required
returns  and owe $25,000 or less in combined tax, penalties, and interest.

If you are a sole proprietor or independent contractor, apply for a payment plan as an
individual.

(IRS Web Site Updated 08/25/22) (TTT 12/06/22)