Please provide the process?
2007-03-24 07:30:18 · 4 answers · asked by dep 1 in Business & Finance ➔ Taxes ➔ United States
Just call the IRS. They'll be happy to help you set up a payment plan.
2007-03-24 07:34:53 · answer #1 · answered by Bostonian In MO 7 · 3⤊ 0⤋
IRS will set up a payment plan. If your situation is extreme, and you don't feel you will ever be able to pay off the debts, you can look into doing an "Offer in Compromise" with the IRS. This requires a great deal of paperwork support to supply to the IRS to prove you cannot pay your tax liability............but should they agree with you, you may qualify for either a 1 time payment (greatly reduced from the actual amount you owe) or a payment plan (still greatly reduced from what you owe).
2007-03-24 14:43:03 · answer #2 · answered by Erik 2 · 0⤊ 1⤋
The IRS will set u up payment plan, but be careful, intrest and penelty will be added every month.
2007-03-24 15:22:51 · answer #3 · answered by nursebaker 1 · 0⤊ 0⤋
You can call IRS at 800-829-1040
you can check on the web site at
http://www.irs.gov/newsroom/article/0,,id=169056,00.html
they have an online payment agreement you might qualify for.
I'd call and ask questions first thing.
2007-03-24 14:42:21 · answer #4 · answered by Jo Blo 6 · 0⤊ 2⤋