The IRS has established a new fee schedule for Installment Agreements. As of the beginning of this year, if you have to set up an installment plan to pay your taxes, the new fee will be $225 unless you make your payments using direct debit, in which case the fee will be $107. The previous fee was $120 for phone, mail or in person payments, and $52 for direct debitpayments.
The fee for low-income taxpayers will continue to be $43 unless you set up a direct debit online payment, then the fee will be lowered to $31.
Let us help you with some tax planning. With proper planning, you can avoid these fees and take control of your finances. Call us to set up your consultation.
The fee for low-income taxpayers will continue to be $43 unless you set up a direct debit online payment, then the fee will be lowered to $31.
Let us help you with some tax planning. With proper planning, you can avoid these fees and take control of your finances. Call us to set up your consultation.
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