Need to set up IRS payment plan - what to expect and any tips?
Hey everyone, I'm in a bit of a pickle with the IRS and need to set up a payment plan. Anyone been through this before? What should I expect when I call them? Any tips or advice would be really appreciated!
24 comments
Join the conversation
Hugo Kass
I've been there, buddy. Here's what you need to know: • Be prepared: Know how much you can afford monthly before you call. • Be patient: The wait times can be loooong. • Be honest: Tell them your financial situation upfront. • Ask about options: There are different types of payment plans. • Get everything in writing: Make sure you understand the terms. Good luck! The IRS can actually be pretty reasonable if you're proactive about setting up a plan.
0 coins
Nasira Ibanez
•This is solid advice 💯 I'd add: make sure you have all your tax docs handy when you call. They might ask for specifics.
0 coins
Khalil Urso
•OMG the wait times 😫 I was on hold for like 2 hours last time I called. Bring a book or something lol
0 coins
Simon White
•Thanks so much! This is really helpful. Any idea what kind of monthly payments they usually accept?
0 coins
Hugo Kass
•It really depends on your situation and how much you owe. They'll work with you to find a amount that's doable for you. Just be honest about what you can afford!
0 coins
Myles Regis
Protip: If you owe less than $50,000, you can actually set up a payment plan online! Saves you the hassle of calling and waiting on hold forever.
0 coins
Brian Downey
•Wait, seriously? That's a game changer! Do you have a link for that?
0 coins
Myles Regis
•Yep! Here ya go: [IRS.gov/payments](https://www.irs.gov/payments) Just click on 'Online Payment Agreement' and follow the steps.
0 coins
Simon White
•Wow, I had no idea! Thanks for sharing this. I'll definitely check it out!
0 coins
Jacinda Yu
whatever you do, DONT ignore it. I made that mistake and ended up owing wayyy more in penalties and interest. Face the music now, future you will thank you
0 coins
Landon Flounder
I found a way to get someone on the phone without the endless wait. I used this site's (claimyr.com) calling tool that dials the phone menu, stays on hold, waits for a live agent to pick up, then sends the call to my phone. It does cost $20, but it works. Here's the link: [https://www.claimyr.com](https://www.claimyr.com
0 coins
Callum Savage
•Sounds too good to be true. Has anyone else tried this?
0 coins
Ally Tailer
•20 bucks? Idk man, seems kinda steep just to make a phone call.
0 coins
Landon Flounder
•I get the skepticism, but it honestly saved me hours of frustration. Worth every penny imo. Plus, you can use it for other govt agencies too, not just IRS.
0 coins
Aliyah Debovski
•I've used it before for Social Security. It's legit. Saved me from pulling my hair out on hold music lol
0 coins
Miranda Singer
Am I the only 1 who thinks its ridiculous we gotta jump thru all these hoops just to give the government OUR money? 🙄 The system is broken af
0 coins
Cass Green
•Preach! 🙌 It's like they WANT us to mess up so they can charge more penalties
0 coins
Finley Garrett
•Ikr? Other countries have way simpler tax systems. We're living in the stone age here 💀
0 coins
Madison Tipne
Quick question - does anyone know if setting up a payment plan affects your credit score? I'm trying to buy a house soon and I'm worried this might mess that up.
0 coins
Holly Lascelles
•It shouldn't affect your credit score directly, but the tax lien might show up on your credit report. Best to talk to a tax pro or financial advisor about your specific situation.
0 coins
Madison Tipne
•Thanks for the info! Guess I'll have to factor that in too. This adulting stuff is complicated 😅
0 coins
Malia Ponder
yall ever notice how the irs can find that $50 you forgot to report from 5 years ago, but jeff bezos pays like $0 in taxes? make it make sense 🤡
0 coins
Kyle Wallace
•Facts 💯 The system is rigged against the little guy
0 coins
Ryder Ross
•Eat the rich! 🍽️💰
0 coins