Archive for September 2022
WHAT IS A PAYMENT PLAN?
WHAT IS A PAYMENT PLAN?A payment plan is an agreement with the IRS to pay the taxes you owe within anextended timeframe. You should request a payment plan if you believe you will be ableto pay your taxes in full within the extended time frame. If you qualify for a short-termpayment plan you will not…
Read MoreWHAT ARE THE BENEFITS OF PAYING MY TAXES ON TIME?
WHAT ARE THE BENEFITS OF PAYING MY TAXES ON TIME?By law, the IRS may assess penalties to taxpayers for both failing to file a tax return andfor failing to pay taxes they owe by the deadline.If you’re not able to pay the tax you owe by your original filing due date, the balance issubject to …
Read MoreThe IRS “What Ifs” for Struggling Taxpayers – Tax Related (C-7)
The IRS “What Ifs” for Struggling Taxpayers – Tax Related (C-7) What if I need legal representation to help with my tax problem but can’t afford it?Low Income Taxpayer Clinics (LITCs) represent low income taxpayers before theInternal Revenue Service, assist taxpayers in audits, appeals and collection disputes, andcan help taxpayers respond to IRS notices and…
Read MoreThe IRS “What Ifs” for Struggling Taxpayers – Tax Related (C-6)
The IRS “What Ifs” for Struggling Taxpayers – Tax Related (C-6) What if I can’t resolve my tax problem with the IRS? Contact the Taxpayer Advocate Service (TAS). TAS is an independent organizationwithin the IRS whose employees assist taxpayers who are experiencing economic harm,who are seeking help in resolving tax problems that have not been…
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