2007-01-26 08:03:47 · 21 answers · asked by kid on the block 1 in Business & Finance ➔ Taxes ➔ United States
You can fight it but you will need a lawyer and that will cost more. And there is no way you cannot not pay the IRS.
2007-01-26 08:08:19 · answer #1 · answered by SIVA 4 · 0⤊ 2⤋
The IRS is very reasonable to work with, when it comes to repayment plans. Contrary to popular opinion, they don't really want to wipe you out regardless of the consequences to you.
File your taxes. Within a couple months, you'll get something in the mail from the IRS. It takes a while for them to get you into their system enough to set up the plan. Call them when you get your tax bill letter.
They'll often give you up to 5 years to pay it. Penalties and interest add up to about 18% per year, so pay it as soon as you can. But, you can always set up a plan with a low payment, and pay more as often as you can. And next year, if you have a refund, they'll keep it to offset what you owe, which can help to get it paid off.
Ignoring the IRS will bring pain and headaches you don't want. Just call them and talk to them. It's easy, painless, and everyone I've talked to there was actually quite helpful.
2007-01-26 08:18:22 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Yes there is. The IRS understands when someone doesn't have the cash on hand for a larger than expected tax bill. When you file or shortly after you can submit another form requesting an installment payment agreement. This can be for up to 60 months so make your plan realistic, but at the same time understand that they will not look kindly on a repeat before this one is paid off, so adjust your withholding accordingly. Don't get caught by surprise again! Don't make the time longer than it needs to be either. These requests are almost automatic with a bill of her size.
2007-01-26 08:10:07 · answer #3 · answered by hdsok 2 · 0⤊ 0⤋
Wait until April and then contact the IRS and arrange a payment plan. The interest rate they charge is usually lower than anything else you could get, they're really easy to work with, and your monthly payment should be reasonable. Be sure to send your tax return in on time, even if you don't send any money with it.
2007-01-26 08:24:17 · answer #4 · answered by rosecitylady 5 · 0⤊ 0⤋
Go here: http://www.irs.gov/individuals/article/0,,id=149373,00.html and set up a payment plan. Since $2,500 is all that is owed, you are basically pre-approved. However, I think you may have to file the return first and wait for the IRS to post it before you can set the plan up. Whatever you do, don't file late.
2007-01-26 08:28:23 · answer #5 · answered by Lee 5 · 0⤊ 0⤋
You can file for a 6 month extention on filing, and then fill out the paperwork to set up a payment plan. They're pretty reasonable about making it affordable for you to pay them back, but you might owe a penalty for delayed payment.
2007-01-26 08:14:03 · answer #6 · answered by 1912 Hudson 4 · 0⤊ 0⤋
the IRS does offer payment plans - either the filing form itself or the letter you received with the amount owed will have a number for you to call for this service. check with the person that prepared her taxes - they should be able to give you assistance on that.
2007-01-26 08:10:24 · answer #7 · answered by SmartAleck 5 · 0⤊ 0⤋
She needs to file anyway - otherwise it will just get worse, since she'll owe additional penalties. She should send them what she can. They'll contact her, or she can contact them, to set up a payment plan to pay the rest.
She should also adjust her withholding so this doesn't happen again next year.
2007-01-26 09:36:46 · answer #8 · answered by Judy 7 · 0⤊ 0⤋
this isn't any longer hassle-free. once you're lending funds to acquaintances or family contributors, it ought to reason a difficulty. i attempt to easily lend funds if it fairly is mandatory and you will ought to be up front in the commencing up approximately once you like it paid lower back. For family contributors, you may ought to evaluate it a modern-day. it is your cash and you're entitled to it, so in case you like it now, deliver it up. Say, "i grew to become into hoping to get this motor vehicle, yet i will want the money that I gave to you (or that I earned from doing that activity for you)." It only funds, nevertheless and your relationship is well worth better than that. do no longer make it an uncomfortable wedge between you all.
2016-09-28 00:47:30 · answer #9 · answered by ? 4 · 0⤊ 0⤋
The IRS is usally willing to work with people on setting up paymetns. go to the irs website. you can get most of the inforamtion there.
irs.gov
2007-01-26 08:08:09 · answer #10 · answered by Anonymous · 0⤊ 0⤋
You can request a hardship from the IRS or if you just need more time file an extension to pay.
2007-01-26 08:07:25 · answer #11 · answered by brett.brown 3 · 0⤊ 1⤋