Requesting an IRS Installment Payment Plan
Owing the IRS a large sum in taxes can be a stressful situation. The good news is that you can request IRS installment payments. Paying your tax bill in installment payments might be an easier option — and could help you avoid an IRS tax lien.
How Do I Request an IRS Installment Payment Plan?
Installment plans take a few extra steps to set up, but establishing and following one can help you stay in good standing with the IRS.
To request the IRS installment plan:
- Choose Federal on the top navigation bar.
- Under Wrap-Up, choose Federal Wrap-Up.
- Check the Pay federal balance due in installments (Form 9465) box.
- Choose Next.
- Complete the rest of the topic.
If you e-file, we’ll include Form 9465: Installment Agreement Request with your return. If you paper-file, the form will print with your return. Mail the form to the IRS along with your return.
The IRS will usually let you know within 30 days if it approves your installment plan request. If the IRS approves the installment payment request, it will send you a notice:
- Spelling out the terms of the agreement
- Requesting a fee of $120 — or $52 if you pay by electronic withdrawal
The IRS will charge you interest and any applicable penalties until you pay the balance due in full. Additionally, the IRS might charge you a late payment penalty.
To learn more, go to www.irs.gov or call 800-829-1040.
Find out if you can change the authorized debit amount to pay your taxes after you’ve already e-filed your extension with the help of H&R Block.