Comments on: How To Setup an IRS Payment Plan http://www.bargaineering.com/articles/how-to-setup-an-irs-payment-plan.html personal finance blog with anecdotes, advice and commentary. Sun, 22 Nov 2009 06:04:27 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: yoohoo http://www.bargaineering.com/articles/how-to-setup-an-irs-payment-plan.html/comment-page-1#comment-228627 yoohoo Mon, 21 Apr 2008 12:16:43 +0000 http://www.bargaineering.com/articles/how-to-setup-an-irs-payment-plan.html#comment-228627 But WHY should you set up an IRS installment plan? When we discovered we owed big change this month, I downloaded the form and started to proceed, then saw all the fees attached and the fact that penalties and interest would still accrue and said screw that! (If they want to make this a reasonable option, they could try dropping the penalties for those who sign up for a payment plan.) We paid what we could and will continue to pay off the remainder (with interest and penalties, of course) as funds materialize -- but entering into a further obligation with the IRS, giving them my bank account numbers and permission to examine the contents, with no discernible benefit? Why? But WHY should you set up an IRS installment plan? When we discovered we owed big change this month, I downloaded the form and started to proceed, then saw all the fees attached and the fact that penalties and interest would still accrue and said screw that!

(If they want to make this a reasonable option, they could try dropping the penalties for those who sign up for a payment plan.)

We paid what we could and will continue to pay off the remainder (with interest and penalties, of course) as funds materialize — but entering into a further obligation with the IRS, giving them my bank account numbers and permission to examine the contents, with no discernible benefit? Why?

]]> By: Jerome http://www.bargaineering.com/articles/how-to-setup-an-irs-payment-plan.html/comment-page-1#comment-228172 Jerome Fri, 18 Apr 2008 02:14:40 +0000 http://www.bargaineering.com/articles/how-to-setup-an-irs-payment-plan.html#comment-228172 What if I owe the treasury dept. Will I still recieve a stimulus check? What if I owe the treasury dept. Will I still recieve a stimulus check?

]]>