What happens if you cannot afford to pay back taxes you owe to the irs?

Question

im so tired of paying taxes.

Answer 1

Do you have the means to make it to an international airport?

Answer 2

If you cannot full pay your tax liability in a lump sum, the IRS offers a payment by installment option. An installment agreement would allow you to make a series of payments over time. Installment agreements may be set up in various ways:

Direct Debit from your bank account,
Payroll Deduction from your employer or
Regular Installment Agreement
If you enter into an installment agreement, your payment amount should be based on your ability to pay and should be an amount that can be maintained over the duration of the installment agreement.

Direct debit or payroll deduction installment agreements provide an opportunity to make timely payments automatically, and therefore, these payment methods reduce the possibility of defaulting your agreement.

To request an installment agreement, when you are filing a tax return for which you are not able to provide full payment , you may submit Form 9465 (PDF), Installment Agreement Request, or your own written request for a payment plan, attached to the front of your return.
To request an installment agreement after your return has been filed and you have been billed (you received an IRS balance due notice), you can use the Online Payment Agreement (OPA) application or you may submit Form 9465 or your own written request for a payment plan, attached to the front of your return or bill.

You will need to specify the amount you can pay and the day (1st-28th) you wish to make your payment each month. The IRS will respond to your request, usually within 30 days, to advise you that:

your request is approved
your request is denied or
additional information is needed

If the agreement is approved, a one-time user fee will be charged. The user fee is $105 for regular installment agreements and $52 for agreements to be paid by way of direct debit from your bank account. Taxpayers with income at or below certain levels can apply for a reduced user fee of $43.
http://www.irs.gov/taxtopics/tc202.html

Answer 3

The IRS will examine your finances. They might set up a payment plan. They might seize some of your assets to pay the back taxes.

Answer 4

Call the IRS and make payment arrangments.I owed around 1200.00$ and told them I could only afford 50.00 a month.They acepted and I paid them off with my next refund.If you are employed you need to speak to who ever handles payroll and tax forms and change you tax form to claim zero dependents and claiming single.They will take more out of your check but it will be like a savings acoount,you will get money back when you file.The more they take out,the more you get back.

Answer 5

You can make an offer to the IRS to settle your debt. You may have to go through a tax attorney to make sure you ask or file properly however it does work.

Answer 6

The IRS will set up a payment plan.

Answer 7

First they have to determine if you're in bad faith. If in good faith they may offer you a compromise to pay in installment or maybe some of the surcharges and penalties may also bewaived.
If in bad faith, they will go after your personal properties inclding garnishment of your bank account and you may end up landing in jail for non payment of taxes

Answer 8

I have placed this in the source box. There is a wealth of information there and a great free debt management software program. I bookmarked the site as I return to it often for the advice it offers. I hope this helps you.

Answer 9

you have to run away to Mexico

Answer 10

Don't pay.........J/K.....get a good lawyer.