What Terms Are Included in the IRS Online Payment Agreement?


Quick Answer

As of 2015, individuals who owe the IRS $50,000 or less in total tax, penalties and interest may qualify for an online payment agreement, explains the Internal Revenue Service. Businesses that owe $25,000 or less may qualify. Applicants must file all required tax returns before entering into a payment agreement.

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Full Answer

Additional terms of IRS online payment agreements include the requirement to make minimum monthly payments when they are due, file future tax returns on time and pay future tax return balances on time, according to the IRS. Contact the IRS to modify an existing payment arrangement if you are unable to pay new tax balances in full.

A person can establish an online payment agreement at IRS.gov. Click on the Apply for an Online Payment Plan link located under the Tools heading on the home page. Click on either the Apply as Individual link located under the Individuals heading or the Apply as Business link located under the Businesses heading, instructs the IRS.

Prior to applying as an individual, you need the taxpayer's full name, date of birth, filing status and Social Security Number or Individual Taxpayer Identification Number. The applicant's email address and address listed on the most recent tax return are also required, notes the IRS. The Employer Identification Number, month and year the EIN was assigned, address from the most recent return and the Caller ID from the IRS notice are required for business applicants.

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