How Much Is Installment Agreement

This document also contains a public consultation on these proposed amendments to the regulations. WASHINGTON — The Internal Revenue Service is proposing a revised schedule for user charges, which would take effect Jan. 1, 2017, and would apply to any taxpayer who has entered into a payment agreement. If you can pay your credit within 120 days, setting up a payment plan won`t cost you anything. The comprehensive cost analysis takes into account the common elements of each of the five types of agreement to be tempered as well as the cost factors of each type. The cost of each type of instalment payment agreement is divided into approximately two groups: (1) the costs incurred by the IRS in drawing up the instalment agreements and (2) the costs incurred by the IRS in maintaining and monitoring the payment agreements. In line with the introduction of these new fees, the latest full-rate cost analysis of the phased agreement programme has been refined to better reflect the costs associated with managing the different types of temperance arrangements available to taxpayers. Personal or telephone requests for instalment payment agreements and receipt of payment other than direct debit are more onerous for the IRS and the proposed user fees reflect these costs. Similarly, this recent analysis has allowed taxpayers to have reduced user charges for options that cost the IRS less to manage. By offering a series of instalment payment options for a number of fees, the IRS helps taxpayers meet their tax payment obligations, which benefits the tax administration and provides taxpayers with improved service. . . .