Installment agreement multiple years

Forum|Forum|3 months ago
March 24, 2026
2 replies
20 views

I have to amend 3 years of returns for a client becasue they did not inform me they started collecting social security. As a result, they owe for each year, they also owe for 2025. They want to set up a payment plan.

What is the best way to go about this? Submit 2025 along with all 3 amended returns at once,wait for them all to be processed and then have the client request the plan or submit 2025, request the plan for 2025 and then submit the amended returns and revise the plan? Am I overthinking, does it matter?

ProSeries Basic

Best answer by BobKamman

How much of the Social Security will be taxable? Are they collecting $40,000 a year and paying tax on $34,000 of it? Or $18,000 a year and paying tax on $9,000 of it, at 10%?

I just had to lecture a 66-year-old client about not waiting to start. He has been retired from a public-safety job for five years; his Social Security is not going to be much, but more than it would have been before the January change repealing pension offsets. Take $1,000 a month now, or $1,100 a month later? You don't break even until you're 85. Were you doing the returns for these clients in 2022? Did you ask them each year about their Social Security plans?

I would file all the returns, then arrange a payment plan to cover all years. Also, do they have no credit? Better to owe the bank, than the government.

Just-Lisa-Now-

Intuit Community Champion

Im very surprised they didnt get a letter for 2022 or 2023 by now about this.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

P

PremierTaxTravelAuthor

Level 3

Same here.

BobKammanAnswer

Level 15

How much of the Social Security will be taxable? Are they collecting $40,000 a year and paying tax on $34,000 of it? Or $18,000 a year and paying tax on $9,000 of it, at 10%?

I just had to lecture a 66-year-old client about not waiting to start. He has been retired from a public-safety job for five years; his Social Security is not going to be much, but more than it would have been before the January change repealing pension offsets. Take $1,000 a month now, or $1,100 a month later? You don't break even until you're 85. Were you doing the returns for these clients in 2022? Did you ask them each year about their Social Security plans?

I would file all the returns, then arrange a payment plan to cover all years. Also, do they have no credit? Better to owe the bank, than the government.

P

PremierTaxTravelAuthor

Level 3

Collecting $30K and paying tax on $25K. I did the returns each year, but didn't ask about social security plans. Lesson learned.

Client is considering a loan or credit card, but wants the installment plan until they figure it out.

Skylane

Intuit Community Champion

The 2022 letter may have been misplaced or is buried in a pile of unopened junk mail….file the amendments. Payment plans are better than a CC

If at first you don’t succeed…..find a workaround

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