Tuesday Tax Tip

Ways to Pay Your Taxes – Options to pay in full

Ways to Pay Your Taxes – Options to pay in full To minimize interest and penalties, the IRS (and we do, too) recommend paying your taxes in full. However, if you’re unable to pay in full, you can request an Installment Agreement or Offer in Compromise. These payment plans allow you to pay your taxes […]
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How the Low-Income Taxpayer Clinics and license tax professional can help. (Part IV)

How the Low-Income Taxpayer Clinics and license tax professional can help. (Part IV) Low Income Taxpayer Clinics Assistance can be obtained from individuals and organizations that are independent from the IRS. IRS Publication 4134, provides a listing of Low Income Taxpayer Clinic List (LITCs) and is available at www.irs.gov. Also, see the LITC page at […]
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Who do I contact if I need help dealing with the bill from the IRS? (Part III)

Who do I contact if I need help dealing with the bill from the IRS? (Part III) You can find help at the Internal Revenue Service, Taxpayer Advocate Service, Low Income Taxpayer Clinics (if eligible), or/and a license tax professional – Certified Public Accountant, Enrolled Agent, or an Attorney. Internal Revenue Service The IRS web […]
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What Should I do when I receive a bill from the IRS and I disagree…? (Part II)

What Should I do when I receive a bill from the IRS and I disagree…? (Part II) If you disagree with the information on the bill, call the number on it, or visit your local Internal Revenue Service (IRS) office. (Appointment may be required.) Be sure to have a copy of the bill and any […]
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What Should I do when I receive a bill from the IRS? (Part I)

What Should I do when I receive a bill from the IRS? (Part I) If you agree with the information on the Internal Revenue Service (IRS) bill, pay the full amount before the due date. If you can’t pay the full amount due, pay as much as you can and visit www.irs.gov/payments to consider their […]
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What happens when I file my taxes and I owe the government?

What happens when I file my taxes and I owe the government? 1. If you owe taxes, the Internal Revenue Service (IRS) will send you a bill. This is your first bill for tax due. Based on your return, they will calculate how much tax you owe, plus any interest and penalties. 2. If you […]
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