When it comes to taxes, the IRS offers several different payment options for taxpayers who are unable to pay their taxes in full at the time of filing. One such option is the installment agreement, which allows you to make monthly payments over time to settle your tax debt.
If you have already set up an installment agreement with the IRS, you may be wondering where to send your payments. Here’s what you need to know.
Firstly, it`s important to note that the IRS offers several methods for making installment agreement payments. These include:
– Online: You can make payments directly through the IRS website using the Electronic Federal Tax Payment System (EFTPS). This is a secure and convenient way to make payments, and you can set up automatic payments to ensure you never miss a payment.
– Direct Debit: Another option is to set up a direct debit payment plan, which will automatically deduct your monthly payments from your checking or savings account.
– Mail: If you prefer to send your payments via mail, you can do so by sending a check or money order to the IRS. Make sure to include your name, address, social security number, tax form number, and tax period on the check or money order. You should also include a payment voucher, which can be found on the IRS website.
If you choose to send your payments via mail, the IRS has different addresses depending on where you live and the type of installment agreement you have. Here are the main addresses:
– Standard Installment Agreement: If you have a standard installment agreement, you should send your payments to the address listed on your installment agreement notice.
– Direct Debit Installment Agreement: If you have a direct debit installment agreement, you should send your payments to the following address:
Internal Revenue Service
PO Box 219236
Kansas City, MO 64121-9236
– Payroll Deduction Agreement: If you have a payroll deduction agreement, you should send your payments to the following address:
Internal Revenue Service
PO Box 219236
Kansas City, MO 64121-9236
– Partial Payment Installment Agreement: If you have a partial payment installment agreement, you should send your payments to the following address:
Internal Revenue Service
PO Box 219236
Kansas City, MO 64121-9236
It’s important to make your payments on time to avoid any penalties or fees. If you miss a payment, the IRS may terminate your installment agreement and take collection actions against you.
In summary, if you have an installment agreement with the IRS, you have several options for making payments. You can make payments online, set up a direct debit payment plan, or send your payments via mail. If you choose to send your payments via mail, make sure to send them to the correct address based on the type of installment agreement you have. By making timely payments, you can settle your tax debt and avoid any additional penalties or fees.