An Installment Agreement is a payment plan allows you to pay the amount you owe to the IRS in monthly payments.
How do I apply for an Installment Agreement?
You can apply for the payment plan with your tax filing, online at IRS.gov, by phone, mail or in person. Set-up fees vary depending on the payment plan.
When you complete the Installment Agreement form within the program, you can setup your monthly payment amounts and banking information (or select to pay by mail) along with the monthly payment dates.
Where is the Installment Agreement located in my account?
You can complete this agreement in the program by following the path as shown below:
- Federal
- Miscellaneous Forms
- Installment Agreement Request
To complete the agreement all applicable Personal Information as well as Payment Details must be completed. The information you have provided will be transmitted to the IRS when you electronically file your return.
How do I only pay the minimum during the E-file process if I am requesting a payment plan?
When you complete the installment agreement using our software, you must enter an amount for the box labeled "Amount Paid when Efiling."
- Step 1: When completing the installment agreement, the amount you enter for "Amount Paid when Efiling" needs to be the amount you pay when filing.
- Step 2: During the E-file process, choose Direct Debit as your payment method.
- Step 3: Later in the E-file process, you will be asked for your payment amount. The payment amount you enter needs to match the amount you entered for "Amount Paid when Efiling"
Important: These amounts must match exactly. If they don’t, the IRS may reject your electronic submission.
How do I know if the IRS has accepted my Installment Agreement?
When you make an installment agreement through our program, the IRS will generally respond to your request within 30 days of receipt of your request via mail to let you know if it was accepted or rejected. Once approved, an IRS agent may contact you to request your financial records to verify the amounts you have agreed to pay.
You can view more information regarding this topic by visiting the IRS website here.