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How To Set Up an Installment Agreement with the IRS

If you owe back taxes and cannot pay them right away, an installment agreement is a good option. An installment agreement allows you to pay the taxes back in manageable monthly installments. Setting up an installment agreement is fairly easy and the IRS will likely accept you payment plan if you owe less than $25K in taxes. This form of payment plan can be set up, you must file your taxes with the IRS first. In order to qualify for an installment agreement Wholesale Cigarettes Newport, you need to be able to pay off the entire tax amount owed plus interest and penalties in a period of 36 months. If you owe $25 Cheap Cigarettes Wholesale,000 in back taxes, your monthly required payment will be around $660 and if you cannot pay this amount monthly, you will have to use a different settlement method. In order to setup this type of payment plan, follow the steps below.


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