Question
I have an existing IRS installment agreement, but can only make a partial payment for what I owe for 2017. How should I pay the tax I owe this year?
Answer
If you owe taxes and make a partial payment, the IRS will charge interest on any unpaid balance. This applies to a balance not postmarked by April 17, 2018.
You can arrange another installment agreement to cover the balance for this year. If you do, contact the IRS to have the filing agreements consolidated.
Related Resources
Tax Information Authorization (Form 8821)
You can choose a person to research your IRS account for you. Learn more about IRS Form 8821, Tax Information Authorization, from the experts at H&R Block.
When Not to File an Amended Return
Don't confuse the IRS and make your situation worse by filing an amended return when you shouldn't. Learn more from the tax experts at H&R Block.
PATH Act 2018: Impact On Your Taxes
Get the latest updates on the Protecting Americans from Tax Hikes Act. Learn how the PATH Act may affect your tax refund this year.
