Originally Posted by angelaashworth
How to request for an Installment Plan to file tax returns.
The IRC states,” you can make monthly payments through an installment agreement if you're not financially able to pay your tax debt immediately. However, you will reduce or eliminate the amount of penalties and interest you pay and avoid the fee associated with setting up an installment agreement if you pay your tax bill in full. Before you apply:File all required tax returns; Consider other sources (loan or credit card) to pay your tax debt in full to save money; Determine the largest monthly payment you can make ($25 minimum); and Know that your future refunds will be applied to your tax debt until it is paid in full.” You can request an installment agreement over the phone. Simply call the IRS at 1-800-829-1040. They will set up a payment plan over the phone and send you some paperwork to fill out. The IRS must agree to accept your installment agreement if you meet certain criteria: your total tax does not exceed $10K and the monthly payments will pay your tax debt in full within 3 years. The IRS will not approve your installment agreement if you have not yet filed all your tax returns. You will need to file all your back taxes before requesting a monthly payment plan.
You can apply online if you owe $50K or less in combined individual income tax, penalties and interest; you need to call the phone number on your bill or notice;
Complete and mail Form 9465. If you owe more than $50K, you will also need to complete Form 433-F. To keep your account in good standing, you need to pay at least your minimum monthly payment when it's due (direct debit or payroll deductions make this easy); Include your name, address, SSN, daytime phone number, tax year and return type on your payment; File all required tax returns on time; Pay all taxes you owe in full and on time (contact us to change your existing agreement if you cannot); continue to make all scheduled payments even if they apply your refund to your account balance. The IRS will respond to your request in about 30 days.
You can contact the IRS/Dept of Rev of your state for more info in detail.