Tax Information

Additional information on IRS Payment Plans (Part III) HOW DO I CHECK MY BALANCE AND PAYMENT HISTORY? Individuals can view the current amount owed and payment history by viewingyour  Online Account . Viewing your tax account requires identity authorization withsecurity checks. Viewing your tax account requires identity authorization with securitychecks. Allow one to three weeks…

Additional information on IRS Payment Plans (Part II)  AM I ELIGIBLE FOR A WAIVER OR REIMBURSEMENT OF THE USER FEE?  Waiver or reimbursement of the user fees only applies to individual taxpayers with adjusted gross income, as determined for the most recent year for which such information is available, at or below 250% of the…

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…

WHAT ARE PAYMENT PLAN COSTS AND FEES? CHANGE AN EXISTING PAYMENT PLAN (PART V)  Change an existing payment Plan  Payment Options  · Pay through Direct Debit (automatic monthly payments from your checking account), also known as a Direct Debit Installment Agreement (DDIA). · Make monthly payment directly from a checking or savings account (Direct Pay)…

WHAT ARE PAYMENT PLAN COSTS AND FEES? LONG TERM PAYMENT PLAN (PART IV)  Long term payment plan (Installment Agreement)  Pay amount owed in monthly payments  Payment Options  Option 1: Pay through Direct Debit (automatic monthly payments from your checking account), also known as a Direct Debit Installment Agreement (DDIA).  Costs:  · Apply online: $31 setup…

WHAT ARE PAYMENT PLAN COSTS AND FEES? SHORT TERM PAYMENT PLAN (PART III)  Short term payment plan  Pay amount owed in 180 days or less  *Note – only individual taxpayers can apply for a short-term payment plan online.  Payment Method After applying for a short-term payment plan, payment options include: · Pay directly from a…

WHAT ARE PAYMENT PLAN COSTS AND FEES? PAY NOW OPTION (PART II)Pay amount owed in full today Individuals only: Pay directly from a checking or savings account ( Direct Pay )Individuals and businesses: Pay electronically online or by phone using Electronic Federal Tax PaymentSystem ( EFTPS ) (enrollment required) Pay by check, money order or…

WHAT ARE PAYMENT PLAN COSTS AND FEES? PART IIf the IRS approves your payment plan (installment agreement), a fees will be added toyour tax bill. Changes to user fees are effective for installment agreements entered intoon or after April 10, 2018. For individuals, balances over $25,000 must be paid by DirectDebit. For businesses, balances over…

WHAT HAPPENS WHEN I REQUEST A PAYMENT PLAN?When you request a payment plan (installment agreement), with certain exceptions, theIRS is generally prohibited from levying and the IRS’s time to collect is suspended orprolonged while an Installment Agreement (IA) is pending. An IA request is often pending until it can be reviewed, and an IA is established, or therequest is…

WHAT IS A PAYMENT PLAN?A payment plan is an agreement with the IRS to pay the taxes you owe within anextended timeframe. You should request a payment plan if you believe you will be ableto pay your taxes in full within the extended time frame. If you qualify for a short-termpayment plan you will not…