Need help setting up IRS payment plan for 2024 taxes - monthly payments?
Hey everyone, I need some advice on setting up a payment plan for my 2024 tax return. I'm thinking about doing monthly payments, but I'm not sure where to start. Has anyone gone through this process before? What should I expect when I talk to the IRS about it? Any tips or things I should watch out for?
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Xan Dae
I've been through this before. Here's what you need to know: • Gather all your tax return documents and any notices from the IRS before you call. • Have an idea of how much you can afford to pay monthly. • Ask about fees and interest - they'll usually charge you for setting up the plan. • Consider when you want to start making payments. • Be prepared to discuss your financial situation. When you talk to them, be polite but firm. They can be pretty reasonable if you show you're trying to cooperate. Good luck!
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Fiona Gallagher
•This is really helpful, thanks! Do you remember how long the whole process took?
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Xan Dae
•It took me about an hour on the phone, but the actual setup was pretty quick once I got through to someone. Just be patient!
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Thais Soares
•Did they ask for any specific financial info? Like bank statements or pay stubs?
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Xan Dae
•They didn't ask me for any documents, but they did want to know my monthly income and expenses. It might be different for everyone tho
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Nalani Liu
ugh, good luck getting anyone on the phone. I've been trying for weeks 🙄
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Axel Bourke
•Same boat here. Its like they dont even want our money 🤣
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Aidan Percy
•I found a way to get through! There's this site called claimyr.com that has a calling tool. It dials the IRS, stays on hold, and then connects you when a real person picks up. It costs $20, but it saved me hours of frustration. Here's the link: https://claimyr.com/?ref=rdt
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Nalani Liu
•fr? that sounds too good to be true. has anyone else tried this?
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Fernanda Marquez
•I used it last month, can confirm it works. Expensive but worth it imo
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Norman Fraser
•Idk seems sketchy. How do we know its not a scam?
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Aidan Percy
•Not a scam, promise! They don't ask for any personal info, just your phone number to forward the call. You can look up reviews online if you're worried.
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Kendrick Webb
Pro tip: if you owe less than $50,000, you can set up a payment plan online without even calling. Saves so much time!
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Hattie Carson
Anyone know if theres a minimum monthly payment? I'm kinda broke rn 😅
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Destiny Bryant
•I think it depends on how much you owe total. When I did it, they wanted me to pay it off within 72 months max.
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Hattie Carson
•72 months?! 😱 Thats like... 6 years! Guess I better start saving up lol
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Dyllan Nantx
Just remember, even if you're on a payment plan, you still need to file and pay your taxes for the current year on time. Learned that the hard way 🤦♂️
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TillyCombatwarrior
•Oof, what happened?
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Dyllan Nantx
•They cancelled my payment plan and I had to start all over again. Plus extra fees. It was a whole thing 😫
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Anna Xian
Has anyone tried negotiating the amount they owe? I've heard you can sometimes get it reduced.
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Jungleboo Soletrain
•That's called an Offer in Compromise. It's a whole different process and pretty complicated. Might want to talk to a tax professional about that one.
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Anna Xian
•Ah gotcha, thanks for the info! Might look into that if the payment plan doesn't work out.
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Rajan Walker
PSA: Watch out for scammers claiming to be from the IRS! They'll never call you out of the blue demanding payment.
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