If you owe back taxes,$2,880, will the IRS let you make payment, and how much would the payments be, an around about figure, thanks for any help
2006-07-08 15:15:58 · 18 answers · asked by bitchy_woman_yet_sweet 2 in Politics & Government ➔ Government
Absolutely, you can pay back taxes in smaller payments. You'll need to ge ahold of someone at the IRS and probably a local accountant who's familiar with tax laws. From there, you can set up payments to get yourself paid up with the IRS. Good luck to you!
2006-07-08 15:18:00 · answer #1 · answered by Sarah 3 · 1⤊ 0⤋
The IRS will work out a payment plan with you if you owe taxes and can't afford to pay all at once. Usually the payment plan is based on your income and total expenses and they try to get it settled in a year or 2.. Then you and they will agree on a monthly fee that won't leave ya broke. Good luck..! Been there done that.
2006-07-08 15:20:42 · answer #2 · answered by SNS 2 · 0⤊ 0⤋
The IRS will allow a person to make payments on back taxes. Contact your local IRS office, explain your situation, report your present income and monthly expenses, and the IRS will determine an amount you would be able to pay toward your taxes.
The IRS is not "all forgiving", and they won't take your children as collateral; but, they want their money, so they will work with you.
2006-07-08 15:29:38 · answer #3 · answered by Baby Poots 6 · 0⤊ 0⤋
Yes they do and that information is on their website along with how much and how often. They don't have a problem with payments at all.
Below is a link for that information
2006-07-08 15:19:12 · answer #4 · answered by nastaany1 7 · 0⤊ 0⤋
You can get the number to your local IRS office out of the phonebook or online. They are the best people to ask and they are a lot more user friendly than they use to be. Good luck.
2006-07-08 15:18:39 · answer #5 · answered by Ray 7 · 0⤊ 0⤋
Yes but you will also have to pay interest and you may end up paying them $28,000 before your done try to negotiate with them a settlement amount that you can pay off immediatly or even get a loan somewhere to pay them believe me the interest on a personal loan will be much easier on you than the I.R.S. 's method of calculation.
2006-07-08 15:19:14 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Yes, they will let you make payments. Call them. If they think you are trying, they will work with you.
2006-07-08 15:18:07 · answer #7 · answered by optionseeker1989 3 · 0⤊ 0⤋
Yes they'll accept payments~but they will also charge you intrest~so Youll probably better off if you pay it at once
2016-03-15 21:40:50 · answer #8 · answered by ? 4 · 0⤊ 0⤋
yes, but not if they "close on you" through the courts, then its up to them how to do it. Get a good lawyer and settle with a payment plan cheap.
2006-07-08 15:31:21 · answer #9 · answered by Derek W 2 · 0⤊ 0⤋
you probably want to contact them to find out for sure, but i have heard that you can make payments.
2006-07-08 15:17:21 · answer #10 · answered by Anonymous · 0⤊ 0⤋