If you are going to attempt to use the IRS Website to establish an installment plan, I urge to call me before you start so I can give advice and direction that can make the process smoother. 

Unfortunately, the success using the IRS website for anything is extremely hit or miss and sometimes it is impossible to achieve success.  If you run into roadblocks, reach out to me for help.

NOTE: An extension of time does NOT extend the time you have to pay your taxes. The best advice, if you don’t have the money to pay your taxes, is to always file your taxes and pay what you can, even if that is zero. Do not postpone filing your tax return just because you have a balance due. 

Filing Your Taxes And Owe?

File form 9465, Installment Agreement Request, with your electronically filed form 1040. 

Apply Online for a Payment Plan

If you are a qualified taxpayer or authorized representative (Power of Attorney) you can apply for a payment plan (including installment agreement) online to pay off your balance over time.

Once you complete your online application you will receive immediate notification of whether your payment plan has been approved.

Individual Payment Plan

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

Note: Setup fees may be higher if you apply for a payment plan by phone, mail, or in-person.

What do you need to apply for a payment plan? 

  • Name exactly as it appears on your most recently filed tax return
  • Valid e-mail address
  • Address from most recently filed tax return
  • Date of birth
  • Filing status
  • Your Social Security Number (and spouse’s if filed jointly) or Individual Tax ID Number (ITIN)
  • If you previously registered for an Online Payment Agreement, Get Transcript, or any Identity Protection PIN (IP PIN), you should log in with the same user ID and password

Plan Option & Costs

If we approve your payment plan, one of the following fees will be added to your tax bill. If you owe a balance over $25,000 you must make automatic payments from your checking account (direct debit).

Pay now

  • $0 setup fee
  • No future penalties or interest added

Paid with automatic payments from your checking account or check, money order or debit/credit card.

Fees apply when paying by card.

Short-term payment plan (120 days or less)

  • $0 setup fee
  • Plus accrued penalties and interest until the balance is paid in full

Paid with automatic payments from your checking account or check, money order or debit/credit card.

Fees apply when paying by card.

Long-term payment plan (installment agreement) (paying in more than 120 days through automatic withdrawals)

  • $31 setup fee
  • Plus accrued penalties and interest until the balance is paid in full

Paid through direct debit (with automatic payments from your checking account).

Long-term payment plan (installment agreement) (paying in more than 120 days)

  • $149 setup fee ($43 if low income)
  • Plus accrued penalties and interest until the balance is paid in full

Not paid through direct debit.

Can be paid by any other electronic method such as direct pay or debit/credit card. May also be paid by check or money order.

Fees apply when paying by card.

Power of Attorney (POA) for an individual

To apply as Power of Attorney (POA) for an individual, you need:

  • Taxpayer’s Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
  • Your Centralized Authorization File (CAF) number
  • Caller ID from notice or POA’s signature date on Form 2848
  • Taxpayer’s last year’s Adjusted Gross Income (if 2016 was recently filed, then use 2015’s AGI)

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Click here to request a consultation or ask me a question.

Please reach out to me without hesitation with any tax, business or

accounting question, and to schedule a consultation.

Tax Laws are complex.

It is very easy to make mistakes that can incur penalties.

Do you have a Tax, Accounting or Business Question?

Call Me Immediately. (732) 673-0510.

Is your CPA or Attorney

ignoring your Phone Calls and Emails?

Call Me Immediately. (732) 673-0510.

Remember,

“If We Aren’t Working For You, Then You Aren’t Working At Your Best”

Chris Whalen, CPA
(732) 673-0510
79 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

Red Bank • Rumson • Colts Neck • Holmdel • Middletown • Lincroft • Brick • Toms River • Sea Bright • Deal • Little Silver • Long Branch • Asbury Park • Bradley Beach • Belmar • Brielle • Eatontown • Fair Haven • Farmingdale • Highlands • Atlantic Highlands • Howell • Monmouth Beach • Shrewsbury • Spring Lake • Tinton Falls • Monmouth County

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