Paying Taxes Is Your Responsibility (1)

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Helping You with IRS Issues
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Many Americans have problems with the IRS because
they fail to pay the full amount of their taxes.
This can actually be a scary scenario since the
IRS is determined to collect what you owe whether
you like it or not!
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Luckily, the IRS now has taken certain measures
to help taxpayers who have debts with them. One
is through the Fresh Start Initiative program.
This makes it easier for taxpayers to pay back
taxes and avoid tax liens, and its features
include the following
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? Get a Short-Term Extension to Pay You may
qualify for a short-term extension to pay from
the IRS if you can pay all your taxes in 120
days or less. You can apply for a payment
extension online via the IRS website or by
calling their official number 1-800-829-1040.
? Apply for a Monthly Payment Plan If you cannot
really pay your debt in full when you file your
return, you can pay off your debt over time by
applying for an installment agreement. You should
only owe 50,000 or less for you to qualify for
an online installment payment agreement. ?
Consider an Offer in Compromise If you cannot pay
your debt in full yet, you can settle for less
than the full amount that you owe by applying for
an offer in compromise (OIC). This is a good
option if you owe a large amount of tax.
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