2007-03-27 21:45:14 · 6 answers · asked by lextech75 1 in Business & Finance ➔ Taxes ➔ United States
You should pay as much as you possibly can by the filing deadline, April 17, 2007 this year. Any amount unpaid on that date will trigger penalties for late payment and interest on the unpaid amount. These will continue to accrue until paid in full.
You can (and should) set up a payment plan with the IRS to clear the remaining debt as quickly as possible.
2007-03-27 21:49:48 · answer #1 · answered by Bostonian In MO 7 · 2⤊ 0⤋
No, you don't have to. But you will be paying penalties and interest for late payment. File an installment agreement request with your tax return, if you
cannot pay the balance due by 4/15/07.
2007-03-28 10:38:29 · answer #2 · answered by bold4bs 4 · 0⤊ 0⤋
Pay as much as you can when you file and ask for a form 9465 Installment Agreement so you can set up a payment plan.
2007-03-28 04:35:45 · answer #3 · answered by acmeraven 7 · 0⤊ 1⤋
Yes, you should. If you don't, you will be subject to penalties. Even if you can't afford to pay it all, you should at least file your return and pay as much as you can. The penalty for failure to file is more than the penalty for failure to pay.
2007-03-27 23:45:22 · answer #4 · answered by crazydave 7 · 1⤊ 0⤋
Yes, unless you make arangments with the IRS.
2007-03-27 21:49:59 · answer #5 · answered by skcs11 7 · 0⤊ 0⤋
ABSOLUTELY!!!!!!!!!!!!!!
2007-03-28 02:40:33 · answer #6 · answered by ME M 1 · 0⤊ 0⤋