Slash Your Debt Hassle-Free IRS Payment Plan Setup

Establishing an IRS payment plan is a straightforward process. Here’s how you can get started:

1. Determine Your Eligibility: Generally, you qualify for a short-term payment plan if you owe less than $100,000 in combined tax, penalties, and interest. For a long-term plan, the threshold is $50,000.
2. Apply Online: The IRS offers an online application process through their website, which is the fastest way to set up a plan. You can also apply by phone, mail, or in person at an IRS office.
3. Choose Your Payment Method: Decide whether you’ll pay via direct debit, check, money order, or credit card. Direct debit is often preferred as it ensures timely payments and may reduce the setup fee.
4. Agree to the Terms: Once your application is approved, you'll need to adhere to the terms of the agreement, which includes making all scheduled payments on time.