With this type of plan, as long as you commit to paying your balance within three years, there is no specific minimum payment required. Pay at least your minimum monthly payment when due. Generally, taxpayers must make estimated tax payments in four equal amounts to avoid a penalty. However, if you receive income unevenly during the year, you may be able to vary payment amounts to avoid or reduce the penalty using the annualized installment payment method.
Use Form 2210, Underpayment of Estimated Tax by Individuals, Estates and Trusts to see if you should pay a penalty for underpaying your estimated tax. The Fresh Start program allows taxpayers to settle their tax debt for less than they owe, giving them a new opportunity to pay their future taxes.