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Prepared your taxes and can’t pay the taxes due? Apply for a Payment Plan.

INTERNAL REVENUE SERVICE 

A payment plan is an agreement with the IRS to pay the taxes you owe within an extended timeframe. You should request a payment plan if you believe you will be able to pay your taxes in full within the extended time frame. If you qualify for a short-term payment plan you will not be liable for a user fee. Not paying your taxes when they are due may cause the filing of a Notice of Federal Tax Lien and/or an IRS levy action. See Publication 594, The IRS Collection Process (PDF).

For additional information on Payment Plans click here:

https://www.irs.gov/payments/payment-plans-installment-agreements

CALIFORNIA FRANCHISE TAX BOARD 

If you can't pay your tax bill, you may be eligible to make monthly payments by applying for an Installment Agreement.

Eligibility

You may be eligible if:

    •    Amount due is less than $25,000.

    •    Installment payment period is no more than 60 months.

    •    You have filed all your income tax returns.

You are not eligible if you have a:

    •    Current Installment Agreement with FTB.

    •    Order to Withhold.

    •    Continuous Order to Withhold.

    •    Earnings Withholding Order for Taxes.

Click here for more information:

https://www.ftb.ca.gov/online/eia/index.asp

To apply for an Installment Agreement click here:

https://www.ftb.ca.gov/online/eIA/Apply_Online.asp

steve@stevesimsea.com