Within three years
If you can pay off your balance within 120 days, it won't cost you anything to set up an installment plan. Otherwise, you'll owe $52 for setting up a direct debit agreement with the IRS, or $105 for a standard or payroll deduction agreement. If you're a lower-income taxpayer, you may be able to reduce the fee to $43. Balance between $10,000 and $25,000. With a balance due above $10,000, you can qualify for a streamlined installment plan. While acceptance isn't guaranteed, the IRS doesn't usually require additional financial information to approve these plans. With a streamlined plan, you have 72 months to pay. Negotiating a Monthly Payment. If you owe more than $50,000 or can't pay the amount you owe in six years or less, your request for an IA begins with an IRS collector's analyzing your Collection Information Statement on Form 433-A. The collector uses the information on the form to determine the amount you can pay. The most widely used method for paying an old IRS debt is the monthly installment agreement, or IA. If you owe $50,000 or less, you should be able to get an installment payment plan for 72 months just by asking for it. The IRS charges a one-time installment agreement user fee of $120 when you enter into a standard installment agreement or a payroll deduction installment agreement. If you choose to pay through a direct debit from your bank account, the user fee is $52. For information on full payment agreements of up to 120 days, call us at 800-829-1040 (individuals) or 800-829-4933 (businesses). If you are unable to pay your balance in full immediately, you may qualify for a monthly The answer is: YES. How an Installment Agreement Works. If you cannot pay the full amount due with your income tax return, you can ask the IRS if they will allow you to make monthly installment payments for the full amount or a partial amount of the tax owed. Also known as an IRS Payment Plan, this arrangement allows you to pay-off your tax liability over a period of time (sometimes up to five years). Note that the type of arrangement you get will depend on what kind of tax debt you have and how much you owe. File Form 9465, Installment Agreement Request, to set up installment payments with the IRS. The IRS must allow you to make payments on your overdue taxes if you owe $25,000 or less, you can show that you cannot pay the amount you owe now, you can pay off the tax in three years or less. 1 You may also complete and submit a Form 9465, Installment Agreement Request, make your request in writing, or call 1-800-829-1040 to make your request. 2  For balances over $25,000, you are required to complete a financial statement to determine the monthly payment amount for an installment plan. If you owe taxes but can’t pay the full amount by the April 18 deadline you should still file your return on time and pay as much as you can to avoid penalties and interest. You should also contact the IRS to ask about alternative payment options. Balance of $10,000 or below. If you owe less than $10,000 to the IRS, your installment plan will generally be automatically approved as a guaranteed installment agreement. Under this type of plan, as long as you pledge to pay off your balance within three years, there is no specific minimum payment required. Balance between $10,000 and $25,000. With a balance due above $10,000, you can qualify for a streamlined installment plan. While acceptance isn't guaranteed, the IRS doesn't usually require additional financial information to approve these plans. With a streamlined plan, you have 72 months to pay. To ask for an installment agreement, use Tax Form 9465, known as the Installment Agreement Request. You should receive a response from the IRS within 30 days. You can also apply for an installment agreement online. To do that, go to the IRS website and click on the “Payments” tab at the top. Also known as an IRS Payment Plan, this arrangement allows you to pay-off your tax liability over a period of time (sometimes up to five years). Note that the type of arrangement you get will depend on what kind of tax debt you have and how much you owe. IRS Tax Tip 2011-68, April 6, 2011. If you owe taxes but can’t pay the full amount by the April 18 deadline you should still file your return on time and pay as much as you can to avoid penalties and interest. You should also contact the IRS to ask about alternative payment options.
https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/What-Is-the-Minimum-Monthly-Payment-for-an-IRS-Installment-Plan-/INF23284.html http://www.nolo.com/legal-encyclopedia/irs-installment-payment-plans-29563.html https://www.irs.gov/taxtopics/tc202.html http://www.filelater.com/resources/does-irs-offer-payment-plans http://blog.taxact.com/owe-money-to-the-irs-steps-to-pay-off-your-tax-bill/ https://www.irs.gov/uac/three-ways-to-pay-your-federal-income-tax https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/What-Is-the-Minimum-Monthly-Payment-for-an-IRS-Installment-Plan-/INF23284.html http://www.filelater.com/resources/does-irs-offer-payment-plans https://www.irs.gov/uac/three-ways-to-pay-your-federal-income-tax
how long can you make payments to the irs