OffAssist's Blog: Paying More for Payment Plans with Uncle Sam

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Monday, November 20, 2006

Paying More for Payment Plans with Uncle Sam

The IRS, beginning January 1, 2007, is increasing the fees it assesses to taxpayers who ask for payment or installment plans, some of them more than doubling. This is the first increase in installment plan fees since the IRS began charging a fee for installment plans in 1995.

Current fees can be found here.

After quite a bit of digging I was unable to locate information on the fee change or new fees anywhere on the IRS website, so you'll just have to check it out the same place I did - this article at accountingweb.com.

Edit - 11/26/06

While looking for something else on the IRS website I ran across the official press release on this topic - check it out here.

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