How to Set Up IRS Payments
Failure to pay your taxes on time can result in an Internal Revenue Service levy or a tax lien against your assets. For that reason, it is important to work with the IRS to clear up any past due taxes. If you are able to pay your tax balance in full within the next 120 days, all you have to do is contact the IRS and make a verbal arrangement over the phone. If it is going to take longer than 120 days to pay off your balance, you can arrange to pay in monthly installments. The IRS allows monthly installments to extend for 60 months.
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Instructions
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Access the online payment agreement application that is located on the IRS website (see Resources).
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Complete the application by entering information such as your Social Security number/employer identification number, date of birth, the "caller ID" number that is located at the top of your IRS notice and your personal identification number or AGI (adjusted gross income). Include the amount you are able to pay each month, the date you will pay each month and your method of payment.
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Download and print IRS Form 9465, Installment Agreement Request, (see Resources) if you do not want to complete the application online. The address to mail your form to varies by geographical location. The address applicable to you is located on the bottom of the form.
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Complete IRS Form 433-F, Collection Information Statement, if you owe more than $25,000. This form is designed to collect information about your assets, income, bank accounts and lines of credit. You still need to complete Form 9465 as well.
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Wait to receive written notification from the IRS. The notification will let you know whether your payment plan is accepted. Once it's accepted, begin making payments according to your monthly plan. The IRS does not indicate how long it takes for your written notification to be mailed. If it is longer than two weeks, you can always contact the IRS at 800-829-1040 to check the status of your request.
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