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Owe on your taxes? How to apply for an IRS payment plan

If you owe money on your taxes and need more time to pay, here are some simple steps to get started applying for a payment plan with the IRS or your State of residence.


Sean O’Keefe
Sean O’Keefe

Nov 27, 2020

1 min read
Owe on your taxes? How to apply for an IRS payment plan

This year has been tough. If you participated in liquidity events last year (IPO, tender, secondary or exit), you may be facing a larger than expected tax bill. We're here to help. If you owe money on your taxes and need more time to pay, here are some simple steps to get started applying for a payment plan with the IRS or your state of residence.

  1. File your tax return (we can help with this)
  2. Determine the amount you owe for Federal and State
  3. Apply for IRS payment plan here (anyone can apply): https://www.irs.gov/payments/payment-plans-installment-agreements
  4. Apply for a state payment plan (CA as an example): https://www.ftb.ca.gov/pay/payment-plans/index.asp

It's that simple.

Let us know if you have questions at [email protected]

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