Are you in debt to the IRS? Can you make payments on taxes? You can make monthly payments, called installments. Here’s the minimum amount you can pay. Have you found yourself in a situation where you owe the IRS money that you are unable to pay? The IRS may enforce penalties against you if you don’t pay any taxes you owe by the specified deadline. If this sounds like you, you may qualify for an installment plan with the Internal Revenue Service. This will help you pay off your tax debts over time and avoid any levies or garnishments. You will still have to pay interest and some penalties, but this option can take some stress off of you and make paying your back taxes affordable. Can you make payments on taxes? Yes. Continue reading below to find out more about these monthly payments, called an Installment Agreement (IA). Fees For Installment Plans If you can pay off your tax debts within 120 days, you… Read More

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