Need a Payment Plan? Consider Using the Online Payment Agreement Application

Need a Payment Plan? Consider Using the Online Payment Agreement Application


HI I’M TERRY AND I WORK FOR THE INTERNAL
REVENUE SERVICE. FILING YOUR TAX RETURN AND PAYING WHAT YOU
OWE ON TIME IS ALWAYS BEST. BUT IF YOU CAN’T PAY IN FULL FILE ON TIME
AND PAY WHAT YOU CAN. THAT WILL KEEP YOUR PENALTIES AND INTEREST
TO A MINIMUM. AND THEN CONSIDER A PAYMENT PLAN FOR THE REST
OF WHAT YOU OWE. BY SETTING UP A PAYMENT PLAN ONLINE YOU HAVE
A FAST EASY AND SECURE OPTION TO USE AT YOUR CONVENIENCE. YOU WILL GET IMMEDIATE CONFIRMATION THAT YOUR
PAYMENT PLAN IS APPROVED. YOU MAY QUALIFY FOR A PAYMENT PLAN IF YOU
MEET THESE REQUIREMENTS INCLUDING… YOU HAVE FILED YOUR TAX RETURNS. YOU OWE 50-THOUSAND DOLLARS OR LESS. AND YOU CAN PAY OFF WHAT YOU OWE IN 72 MONTHLY
PAYMENTS OR LESS. BUSINESSES THAT OWE 25-THOUSAND DOLLARS OR
LESS FROM THE CURRENT AND PRIOR CALENDAR YEAR AND WHO CAN PAY OFF WHAT THEY OWE IN 24 MONTHLY
PAYMENTS OR LESS ALSO MAY QUALIFY TO USE THE ONLINE APPLICATION. IN MOST CASES YOU HAVE TWO OPTIONS FOR MAKING
YOUR PAYMENTS. YOU CAN PAY BY DIRECT DEBIT FROM YOUR BANK
ACCOUNT OR YOU CAN MAIL A CHECK EVERY MONTH. WE ENCOURAGE YOU TO MAKE YOUR PAYMENTS BY
DIRECT DEBIT. IN SOME CASES IT’S REQUIRED. DIRECT DEBIT IS CONVENIENT, SECURE AND IT
COSTS LESS TO SET UP. IF YOU NEED A PAYMENT PLAN FOR YOUR TAXES
VISIT IRS.GOV/OPA. UNDER THE SECTION “WHAT DO YOU NEED TO APPLY”
YOU’LL FIND A LIST OF THE INFORMATION NEEDED TO USE THE ONLINE APPLICATION. IN ADDITION HAVE A MONTHLY PAYMENT AMOUNT
AND DUE DATE IN MIND. AGAIN, YOUR PAYMENT AMOUNT MUST PAY OFF WHAT
YOU OWE IN 72 MONTHS OR LESS. AND IF YOU WANT TO SET UP DIRECT DEBIT HAVE
A CHECK HANDY WITH YOUR BANK ROUTING AND ACCOUNT NUMBERS. TO GET STARTED GO TO IRS.GOV/OPA.

Danny Hutson

Leave a Reply

Your email address will not be published. Required fields are marked *