What To Do If You Owe the IRS and Can’t Pay
By Andrew Jackson, Esq.
July 23rd, 2020
that this year’s Tax day has passed, you may have discovered that you owe more
on your tax return then you can afford to pay. Here are some tax resolutions
and tips to get your IRS debt resolved before it’s too late:
1. Installment Agreements
who owe $50,000 or less in income tax and businesses that owe $25,000 or less
in payroll tax may qualify for an Online
Payment Agreement. You can set up the payment for any amount you can afford
as long as the debt is paid in full within 72 months (6 years). You can also
modify installment agreements through the program as well.
Continue Reading »