Additional information on IRS Payment Plans (Part I)
WHY DO I OWE INTEREST AND PENALTIES?
Interest and some penalty charges continue to be added to the amount you owe until the balance is paid in full. Learn more about penalties and interest.
WHY DO I HAVE TO PAY A SETUP FEE?
The Office of Management and Budget has directed federal agencies to charge user fees for services such as the Installment Agreement program. The IRS utilizes the user fees to cover the cost of processing installment agreements.
Part II: Explain eligibility for a waiver of fees and the low income status.
(IRS Web Site Updated 08/25/22) (TTT 11/15/22)