How can I get on a payment plan if I cannot pay my balance due? – Questions and Answers

Can I Set Up A Payment Plan For My Taxes?

If you cannot completely pay your outstanding tax debt, you may request a payment plan with the Colorado Department of Revenue. The Department may allow you to make monthly payments until your debt is fully paid. This is an optional tax refund-related loan from MetaBank®, N.A.; it is not your tax refund. Loans are offered in amounts of $250, $500, $750, $1,250 or $3,500. Approval and loan amount based on expected refund amount, eligibility criteria, and underwriting. If approved, funds will be loaded on a prepaid card and the loan amount will be deducted from your tax refund, reducing the amount paid directly to you.

If you have missed payments on your property tax bills, and you have an outstanding balance, you can enter into a payment plan. If your property is at risk for a lien sale or in rem action, you can still enter into a payment plan. However, you cannot enter into a payment plan with the Department of Finance if a tax lien sale or an in rem action has taken place. You also can complete Form CPP-1, Payment Installment Plan Request, to request a payment installment plan.


Consult with a translator for official business. If you have additional inquiries, you may submit them to the Questions, Comments, or Request form. Anyone, 6 months of age and older, is eligible to receive the COVID-19 vaccine. Find your nearest vaccination location at The IRS will conduct a more thorough review of your finances if you owe more than $50,000 in taxes. With a streamlined plan, you have 72 months to pay. The IRS will ask you what you can afford to pay per month, encouraging you to pay as much as possible to reduce your interest and penalties.

To be approved for a payment plan, you must have filed all tax returns through the current date. All outstanding liabilities will be part of the same payment plan. After we process your request, we will let you know if your payment plan is approved. Type of federal return filed is based on taxpayer’s personal situation and IRS rules/regulations. Form 1040EZ is generally used by single/married taxpayers with taxable income under $100,000, no dependents, no itemized deductions, and certain types of income .

Interact with 311 online

These plans enable you to work with the IRS to pay your tax debt over time rather than all at once. If you owe taxes for a previous year, see back taxes or previous tax year return forms.

Can I Set Up A Payment Plan For My Taxes?

During the life of the agreement, interest will continue to accrue on a prorated basis and any tax refunds you claim will be issued to pay down your debt. Pick a payment plan that fits your budget and set the first payment date. Follow the on-screen prompts to complete the process. If you don’t honor the payment agreement, you must pay accrued interest and penalty charges, and you may face legal action and fines. On Form 433-A, you’ll have to provide detailed information on your investments, assets, income and bank accounts.

How to set up an IRS payment plan

$10 fee, which may be reimbursed if you are identified as low income and certain conditions are met. Pay amount owed through Direct Debit , also known as a Direct Debit Installment Agreement . This is required if your balance is more than $25,000. Laws enacted and in effect after this date, new administrative rules, and court decisions may change the interpretations in this document. Guidance issued prior to this date, that is contrary to the information in this document is superseded by this document, according to sec. 73.16, Wis. To view your bills sooner than you would by mail, create an Online Services account and sign up for email alerts about your account.

What receipts should I keep for personal taxes?

Supporting documents include sales slips, paid bills, invoices, receipts, deposit slips, and canceled checks. These documents contain the information you need to record in your books. It is important to keep these documents because they support the entries in your books and on your tax return.

If you have no other open bills with us, we cannot set up an IPA until a bill is generated. Continue tomake payments until you receive a bill. Down payments for as little as $0. – You do not have to make Can I Set Up A Payment Plan For My Taxes? a down payment, but we recommend that you do. The more you pay up front, the lower your payments will be. Balance all these options listed on this page with your personal financial circumstances.


For forms and publications, visit the Forms and Publications search tool. This Google™ translation feature, provided on the Franchise Tax Board website, is for general information only.

  • If you can’t afford to pay your taxes, you may be able to qualify for an installment plan with the Internal Revenue Service.
  • Applying through the mail or phone is more expensive.
  • Any differences created in the translation are not binding on the FTB and have no legal effect for compliance or enforcement purposes.
  • You can apply for an installment agreement.
  • If you’re not able to pay the tax you owe by your original filing due date, the balance is subject to interest and a monthly late payment penalty.
  • Laws enacted and in effect after this date, new administrative rules, and court decisions may change the interpretations in this document.

Comments are closed.