If your refund is applied to your balance, you’re still required to make your regular monthly installment payment. Any refund will be applied against the amount you owe. Your request for an installment agreement will be denied if any required tax returns haven’t been filed.
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This means that you must have enough withholding or estimated tax payments so that your tax obligation for future years is paid in full when you timely file your return.
You also agree to meet all your future tax obligations. In return, you agree to make your monthly payments on time. We will send you an annual statement showing the amount you owed at the beginning of the year, all payments made during the year, and the amount you owe at the end of the year.īy approving your request, we agree to let you pay the tax you owe in monthly installments instead of immediately paying the amount in full. Your checking account statement is your record of payment. But if you choose to have your payments automatically withdrawn from your checking account (also known as a direct debit), you won’t receive a notice. If we approve your request, we will send you a notice detailing the terms of your agreement and requesting a user fee.Įach month, we will send you a notice showing the remaining amount you owe, and the due date and amount of your next payment. However, if this request is for tax due on a return you filed after March 31, it may take us longer than 30 days to reply. We will usually let you know within 30 days after we receive your request whether it is approved or denied.
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