IRS Installment Agreement: Taxes are Due and You Can't Pay. An Installment Agreement can Rescue You.
Can't Pay IRS Tax Debt: You're in a panic. Your taxes are due, and you have no money to pay them with. What can you do when you can't pay your taxes? Will you end up buried in debt? No. The solutions to this problem are actually surprisingly simple.
Human Side for IRS Tax Help: You need to appeal to the human side of the IRS workers. They're not completely heartless. Let them know that although you attempted to save money to pay for your taxes, you couldn't. You also need to provide reasonable cause for not having the money to pay your taxes. But don't just use any dumb excuse like, "I already spent the money!" Be detailed and use common sense.
Steps To Take for IRS Tax Help: Here's a good option to try remove IRS Tax Debt on your own, without seeking outside IRS Tax Help.
-Pay as much towards your IRS Tax Debt as possible. This may sound like an obvious bit of IRS Tax Help, but if you can pay your IRS Tax Debt in full, do it!
-Complete Form 9465 "IRS Installment Agreement"
-Staple the form IRS Installment Agreement Form to the front page of your Tax Report
Be Patient: If you are sending your IRS Installment Agreement around Tax Season, it's going to take a while for the IRS to get back to you. If they take longer than 30 days, consider resubmitting the paperwork or hiring a tax professional that can help you in the process.
One More Option: You can extend the amount of time you have to file your tax returns. You'll have to file Form 4868 "Application for Automatic Extension of Time To File U.S. Individual Income Tax Return." But in order to qualify you must:
-Owe less than $10,000 (including interest and penalties)
-Not be a business
-Have no other balances due to the IRS
Early IRS Installment Agreement Warning: The IRS gives you ample time to file your Tax Return. So you're not going to have any excuses if you don't pay on time. Follow the steps I've provided if you know you will not be able to pay, and stay out of debt with the IRS.
