No Further Funding Cuts For IRS In FY24
Other than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
Read MoreThe IRS has highlighted numerous payment plan options for taxpayers who cannot pay taxes in one go. Further, the IRS has advised taxpayers to use the Online Payment Agreement (OPA) to set it up to pay off an outstanding balance over time. Once taxpayers complete the online application, they would receive immediate notification of whether the IRS has approved their payment plan. Qualified taxpayers with existing payment plans could also use the OPA to make changes to their plans that include revising payment dates, payment amounts or bank information for direct debit payments.
Moreover, individual taxpayers’ online payment plan options include:
Business taxpayers’ online payment plan options include:
Taxpayers already working with the IRS:
For more information, the IRS has requested taxpayers to visit Additional Information on Payment Plans.
Other than a planned repurposing of Inflation Reduction Act supplemental funding, the Internal Revenue Service saw no other cuts as the President signed off on the resolution […]
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