Owing federal taxes is bad enough, but what do you do when you owe tens of thousands of dollars in IRS and state of California taxes? This page will help you figure out how to pay your IRS and state of California debts. If you still need help, it will give you guidelines for choosing the right tax debt professional to handle your IRS and state of California taxes.
Ways to Pay Your IRS & State of California Taxes
If you can get the money together to pay all of your IRS and state of California taxes, it is recommended that you do that. You can save yourself thousands of dollars in penalties and interest. Fortunately, there are many methods to pay your IRS and state of California taxes. These include:
If you do not have the funds available to fully pay your IRS and state of California taxes, you can work out an installment agreement. For Federal tax debts under $25,000, you will only need to fill out a Form 9465 and pay the set-up fee to do this. If your debt is higher, you will also need to fill out a Form 433-F. This discloses your finances, so it is recommended that you get help from a tax debt professional to make sure that you do not accidentally give the IRS the impression that you have more money than you really do. For a California installment agreement, you need to fill out a Form FTB 3567.
Getting Help for IRS & State of California Taxes
There are some tax firms that are only in the industry to make a quick buck, and they do not care who they hurt. When interviewing tax firms to get help with your IRS and state of California taxes, look for firms that meet the following requirements:
- Have at least a B rating with the Better Business Bureau.
- Help clients with closed cases and have a solid refund policy.
- Thoroughly check your finances before placing you into a resolution.
If you talk to a tax firm that promises to settle your IRS and state of California taxes for less than you know you can afford to pay, you should be wary. The IRS and state of California do not award settlements for anything less than what a taxpayer can pay.
Do you need help with your IRS and state of California taxes? Consult a professional. Call (800) 590-4524 now or fill out the form below for a free tax debt consultation with an expert on IRS and state of California taxes! We'll only connect you with a tax debt relief company holding at least a B rating with the Better Business Bureau.
