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 online payment options.
The IRS online payment options include the Online Payment Agreement application which allows you to set up an installment agreement online.
If you do not qualify for their online payment options, immediately contact the IRS by calling the telephone number on your bill to explain your situation. You should have your financial information available, including your monthly income and expenses. (IRS Form 433F may be helpful.) Based on your ability to pay, they may provide you with alternate payment options such as setting up an installment agreement online.
Next week – what to do if I disagree or forget to answer???
(IRS Publication 594) (TTT 07/23/19)