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Federal Tax Bill
Posted by GEAUX DJ! on 9/1/15 at 7:25 pm00
Got hit with a big tax bill. After looking back it was my fault for sure... 18k that is due asap. So... What is the best route to take here? Call one of those tax negotiating companies? Call the feds and arrange payments? Just need a little guidance to anyone that may have been hit with this before.
Thanks
Thanks
re: Federal Tax BillPosted by Tigerpaw123 on 9/1/15 at 7:29 pm to GEAUX DJ!
Call IRS and set up payment plan
re: Federal Tax BillPosted by southernelite on 9/1/15 at 8:00 pm to GEAUX DJ!
irs stacked; geaux DJ fricked
but really, set up a payment plan if you can't swing it.
but really, set up a payment plan if you can't swing it.
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re: Federal Tax BillPosted by GEAUX DJ! on 9/1/15 at 8:53 pm to southernelite
Yeah fricked is probably the word of the night. They probably want a car note worth of dollars every month to pay that shite off huh
re: Federal Tax BillPosted by Poodlebrain on 9/2/15 at 9:45 am to GEAUX DJ!
Talk to a CPA or tax attorney about trying to get any penalties abated and setting up an installment plan. The tax professional can guide you through the process for trying to get the amount you owe reduced and educate you on the installment payment options.
quote:
They probably want a car note worth of dollars every month to pay that shite off huh
Well, you do owe a car's worth of back taxes, so I don't blame them.
Usually you can set up a plan for up to 60 months. Current interest rates are around 3% IIRC.
re: Federal Tax BillPosted by Tigerpaw123 on 9/2/15 at 2:40 pm to Poodlebrain
quote:
Talk to a CPA or tax attorney about trying to get any penalties abated and setting up an installment plan. The tax professional can guide you through the process for trying to get the amount you owe reduced and educate you on the installment payment options.
Once again Poodle comes through with the best advice
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