Don’t panic – believe me, you’re not the only or first person to own money to the IRS. Thankfully the IRS has a process in place to assist you in getting on track. The absolute worst thing to you can do is ignore the IRS because you don’t have the money on hand.
Here’s the simple two step process:
- Contact your accountant and file your return by the deadline and pay as much as you can to avoid penalties and interest.
- Call the IRS to discuss your payment options at 1-800-829-1040. They offer customized payment plans for your individual needs.
The IRS will not waive interest charges which accrue on unpaid tax bills, so get those tax returns prepared as soon as possible.
Are you behind on your taxes? Contact me TODAY and we’ll get your returns filed and get you moving in the right direction.