If you`ve set up an installment agreement with the IRS to pay off your tax debt in smaller, more manageable payments, you may be wondering how you can find out if the IRS has accepted your agreement. Here are a few ways to check the status of your installment agreement:
1. Check Your Mail
After you submit your installment agreement request, the IRS will send you a letter confirming that they have received your request and outlining the terms of the agreement. This letter should arrive within 30 days of submitting your request. If you don`t receive this letter within 30 days, you may want to follow up with the IRS to make sure they received your request.
2. Check Online
If you`ve set up an online account with the IRS, you can log in and check the status of your installment agreement. To do this, go to the IRS website and click on the “View Your Account” button. From there, you`ll be prompted to enter your login information, which will take you to your account dashboard. You should see a section labeled “Payment Plans and Installment Agreements,” which will show the status of your agreement.
3. Call the IRS
If you`re not able to check the status of your installment agreement online or haven`t received confirmation in the mail, you can always call the IRS directly. Be prepared to provide your social security number and other identifying information, as well as the details of your installment agreement.
The IRS can be notoriously difficult to get in touch with by phone, so be prepared to wait on hold for a while. You may want to try calling early in the morning or late in the afternoon when call volume is lower.
4. Set Up Automatic Payments
If you`ve set up automatic payments for your installment agreement, you`ll be able to see that the payments are being deducted from your bank account each month. This can give you some peace of mind that your agreement is being honored and that you`re making progress toward paying off your tax debt.
In Conclusion
If you`re wondering whether the IRS has accepted your installment agreement, there are several ways to check the status of your agreement. By staying on top of your payments and staying in touch with the IRS, you can alleviate some of the stress of dealing with tax debt and move toward a more stable financial future.