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US Installment Pay Plan option

Technical topics regarding tax preparation.
#1
Goodday  
Posts:
184
Joined:
28-May-2014 10:05pm
Location:
USA
Taxpayer owing $15,000 from recently filed 2016 tax return.
Wants to set up installment pay plan. Will do it online.
Cannot see in Publication 534 where it directs or informs how much he would pay each month???
Is the online application done without having to submit personal financial data?
 

#2
Posts:
427
Joined:
22-Apr-2014 9:07am
Location:
Chicago, IL
See "streamlined installment arrangement"

Balances under $25,000 paid in 72 months or less, or up to 50,000 if they agree to direct debit. No financial information required, it is automatic acceptance (with a very few exceptions). At 15,000 the payment would be about $210 per month.
 


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