Need help setting up IRS payment plan - what docs required?

I just went through this last month. You'll definitely need your most recent tax return, any notices the IRS sent you, and a detailed list of your current income and expenses. Make sure you have everything organized before you call, it'll make the process way smoother.

Ugh, good luck. I've been trying to get through to the IRS for weeks. Their hold times are insane.

Pro tip: if you owe less than $50,000, you can actually set up a payment plan online without calling. Just go to the IRS website and look for the online payment agreement application. Saved me a ton of headache!

Make sure you have a clear idea of how much you can afford to pay each month before you call. They'll ask you and it's better to have a realistic number in mind. Don't overcommit!

Anyone else feel like the IRS website was designed in 1995 and never updated? Trying to find info there is like looking for a needle in a haystack 🤣

Here's a detailed breakdown of what you need and what to expect: 1. Documents needed: - Most recent tax return - Any IRS notices you've received - List of current income (pay stubs, etc.) - List of current expenses (rent, utilities, etc.) - Bank statements (last 3 months) - Any asset information (investments, property) 2. Determine how much you can realistically pay each month 3. If you owe less than $50k, try the online payment agreement first 4. If calling: - Be patient, hold times can be long - Have all docs ready before the call - Be polite but firm if you disagree with their assessment - Take notes during the call - Get the name and ID of the person you speak with 5. After setting up the plan: - Make sure you understand all terms - Set up automatic payments if possible - Keep all documentation Remember, if your financial situation changes, you can always call back to adjust the plan. Good luck!

I'm in the same boat, OP. This whole process is so stressful. Sending good vibes your way!

Has anyone had luck negotiating the amount owed? I've heard mixed things about offer in compromise.