Can’t Pay Your Taxes? Four Things You Should Know page context
Can’t Pay Your Taxes? Four Things You Should Know is a Billshark resource with information and navigation relevant to recurring bills, consumer choices, and savings decisions.
Can't pay your taxes this year? Learn how to cut IRS penalties by filing on time, paying what you can, contacting the IRS, and avoiding tax relief scams.
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Owe more than you can pay this tax season?.
As April 15 th looms, do you have a knot in your stomach because you can’t pay what you expect to owe?.
The new Republican tax law has resulted in many taxpayers owing money, even when they haven’t in the past.
An even bigger reason—resulting in some shockingly high tax bills—is the loss of many previous allowable deductions.
Whether or not you have the money to accompany your return, file it!.
Because penalties are assessed only on the amount owed, pay as much as you can of what you owe.
If you can’t pay your bill, contact the IRS immediately.
There is one and only one “don’t” under this category, and that is, don’t pay one of those endlessly advertised “tax relief” companies you see on television and radio this time of year.
The Federal Trade Commission (FTC) warns.
“If you pay [tax relief companies] an upfront fee.
Avoid these firms like the plague!.
If you owe the government money, let Billshark find the hidden savings on your bills .
Yes.
IRS Form 4868 lets you file for an extension and avoid the penalty attached to missing the April 15th deadline.
The new Republican tax law left many taxpayers owing money.
Contact the IRS at 1-800-820-1040 to discuss payment options.
No.
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1 Why So Many Owe This Year.
2.
3 What the IRS Says.
Frequently Asked Questions.
Should I file my tax return even if I can’t pay?.
What is IRS Form 4868 and does it delay my payment?.
Why do I owe taxes this year when I didn’t before?.
What relief options can the IRS offer if I can’t pay?.
Are advertised “tax relief” companies worth paying?.
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