I am going to file my taxes in a couple of days but I owe about $1,500. I can not pay at this time so what steps should I take upon filing my return.
2007-04-12 07:05:32 · 11 answers · asked by becrebec1004 2 in Business & Finance ➔ Taxes ➔ United States
You need to go to H & R Block! They are the BEST! They can help you file your extension and set it up for you estimated payments so that you don't owe next year. Just because you file an extension, does NOT mean that you defer your payment to the IRS. 90% of the bal due is required to be sent to the IRS by April 17, 2007 (usally due on April 15). There will be interest and penalties if this is not sent on time. At least FILE your taxes on time so that you won't have an extra penalty for filling late. Contact your local H & R Block or go to hrblock.com to find your nearest office.
2007-04-12 07:45:07 · answer #1 · answered by malshaun 2 · 0⤊ 1⤋
You'll have to request a payment plan from the IRS. Filing an extension isn't the way to go, because the IRS will still expect full payment, and the extensions aren't that long.
2007-04-12 14:13:41 · answer #2 · answered by gromit801 7 · 1⤊ 0⤋
File the return on time anyway - you'll avoid late-filing penalties.
If you file your return but don't pay, the IRS will contact you to set up a payment plan, or you can just call them to set one up.
2007-04-12 18:47:19 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
Call the irs now
WWW.irs.gov and make arrangements.
Live Telephone Assistance
Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time). When calling, you may ask questions to help you prepare your tax return, or ask about a notice you have received.
Telephone Assistance for Individuals
Toll-Free, 1-800-829-1040.
2007-04-12 14:08:43 · answer #4 · answered by wizjp 7 · 0⤊ 0⤋
My husband owes, not as much as you do though. Anyways he just sent in his paperwork so it would be in on time. There is a number on the back of the tax books (you can get at the library) you can call them to set up payments. You will want to pay it ASAP or they will kill you with interest.
2007-04-12 14:11:42 · answer #5 · answered by bb77blueeyes 3 · 0⤊ 0⤋
contact someone at the IRS and see about filing an extension or setting up some type of payment plan.
2007-04-12 14:08:15 · answer #6 · answered by Jessica H 4 · 0⤊ 1⤋
i believe you can contact the IRS and schedule a payment schedule....but even though you make a schedule...try your best to double up on payments and pay it off as fast as you can.....the IRS has very high interest......
2007-04-12 14:09:23 · answer #7 · answered by Anonymous · 0⤊ 0⤋
ive had to do this once if you go on www.irs.gov or call them they should be able to send you the paperwork. make sure you at least call them before april 17th
2007-04-12 14:09:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
put in for an extension, ask for a payment plan
2007-04-12 14:09:14 · answer #9 · answered by lisa k 3 · 0⤊ 1⤋
file for an extension.
2007-04-12 14:17:02 · answer #10 · answered by TheAmberOtter 3 · 0⤊ 2⤋