- What it means
- A yearly summary of your payment plan: payments received, interest and penalty added, and the remaining balance.
- Respond within
- The date on the notice
- What to send
- Nothing, unless the statement is wrong.
- When to get help
- If the balance is not shrinking, your payment may be less than the monthly interest and penalty; call and revisit the plan.
What the letter says
The plan's annual accounting. It is required by law and does not change your status.
What to do
Compare the payments listed to your bank records. If any are missing, send proof. Watch the balance trend; a plan that only covers interest never ends.
What to gather
- The statement
- Your payment records for the year
Write back
The Payment plan request cover letter tool builds the response in the order the IRS reads it. Fill it in, review it, print it, and send it with copies of the documents above and the notice stub on top.
Before you send anything
This is general information, not tax advice. Situations differ. Check with your tax advisor before you send anything. Nothing on this page creates a client relationship.