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IRS Payments: DIY for Tax Debt Under $10,000

IRS PaymentsApplying for IRS payments on your own can be quite simple if you have less than $10,000 in back tax debt. Before you start the application process, you should budget how much you can afford to pay in monthly IRS payments, and what payment schedule best suits you. This page will detail the steps you will need to take in order to apply for an affordable IRS payments schedule to resolve your back tax debt.

Get the Details of Your IRS Debt

The absolute first piece of information you should know when setting up IRS payments is the total amount you owe in back taxes. Also, you will need to know if you have any unfiled tax returns, because that may increase your overall tax debt. If you have any unfiled tax returns, you will not be able to apply for IRS payments until the returns are filed. All tax debt details can be found by contacting the IRS. Be sure not to give the IRS any extra information. Knowing the details of your tax debt is very important. Without completing this essential first task, you will not be able to move forward in setting up IRS payments.

Calculate What You Can Afford

You will have the flexibility to choose which day of the month you want to make your IRS payments, and the amount the IRS payments will be. However, the IRS can deny your application if it feels you can afford larger IRS payments on your IRS debt. Be careful when you choose the amount of your IRS payments.

So that you are accurate when calculating your IRS payments, you should budget your monthly expenses to determine what you have left at the end of the month. If your tax debt is below $5000, then lower IRS payments are usually accepted. If your tax debt is between $5000-$9999 the IRS will examine your application more thoroughly to ensure your requested IRS payments are appropriate for your income.

Request an Installment Agreement

Using IRS Forms 9465, you will be able to apply for an Installment Agreement. The IRS helps taxpayers who want to set-up monthly IRS payments by posting the required payment plan application on the IRS website. The IRS will make a decision within 30 days of submission. The IRS will be forced to accept your application if your tax debt does not exceed the $10,000 limit and the IRS payments you requested will pay your debt in full within three years.

Once you reach an agreement with the IRS, you must make sure you stay in tax filing compliance; meaning you can not file any future tax returns late or have any future outstanding tax debt, or your agreement will be void. Furthermore, all IRS payments will have to be paid on time. This is very important to remember. If your IRS payments are due on the 15th of every month, and your payment arrives on the 16th, the IRS considers it late and voids the payment arrangement you have. This will force you to complete the process all over again, but this time the IRS will be in control.

More Than $10,000 in Tax Debt

If you owe more than $10,000 in tax debt, professional tax help is necessary when applying for IRS payments. The IRS recommends you get IRS help from tax professionals when dealing with larger tax debt problems, because while there are more options for you to set-up IRS payments, the process becomes more complicated and confusing, making it much harder to apply for IRS payments yourself.

Call us today or fill out the form to speak with a qualified tax debt professional now! We can put you in touch with tax debt relief companies who have been helping taxpayers like you resolve their tax debt for over 10 years. We only refer our clients to top-rated companies who employ tax attorneys, enrolled agents, and tax preparers who may be able to potentially reduce your penalties or overall tax debt which would lower your monthly IRS payments. Find the best option for you to set-up IRS payments today!


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Taxes Owed
$358,050.00
$210,207.07
$163,820.13
$88,590.94
$74,589.20
Payment to IRS
$120.00
$0.00
$86.00
$0.00
$100.00

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