Photo of Calculating Taxes
Business Taxes, Individual Taxes, Small Business, Tax Planning

Can You Pay Your Taxes Over Time?

If you owe taxes this year and can’t pay in full, the IRS offers both short-term and long-term payment plans. You may qualify to apply online if:

AS AN INDIVIDUAL

Long-term payment plan (installment agreement): You owe $50,000 or less in combined tax, penalties and interest, and filed all required returns.

Short-term payment plan (180 days or less): You owe less than $100,000 in combined tax, penalties and interest.

AS A BUSINESS

Long-term payment plan (installment agreement): You have filed all required returns and owe $25,000 or less in combined tax, penalties, and interest.

*If you are a sole proprietor or independent contractor, apply for a payment plan as an individual.

UNABLE TO APPLY ONLINE?

If you are ineligible for an online payment plan, you may still be able to pay in installments by applying via phone call.

We are here to help! If you need any assistance with this process or have questions, please reach out to our office at 402-932-8815.

Sincerely,

W.E. Stevens PC