WHAT ARE PAYMENT PLAN COSTS AND FEES? PART I

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

Apply online through the  Online Payment Agreement tool  or apply by phone or by
mail by submitting  Form 9465, Installment Agreement Request .

Next week we will start the discussion of the four options listed below and their fees.
PAY NOW
SHORT-TERM PAYMENT PLAN
LONG-TERM PAYMENT PLAN (INSTALLMENT AGREEMENT)
CHANGE AN EXISTING PAYMENT PLAN

(IRS Web Site Updated 08/25/22) (TTT 10/11/22)