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Owe IRS – Former IRS Agents – Tips if you Owe IRS – Sebring, Lake Placid, Avon Park
Owe IRS – Former IRS Agents – Tips if you Owe IRS – Sebring, Lake Placid, Avon Park
November 3, 2010As former IRS Agents, we want to give you some tips if you owe the IRS. If you need help resolving any tax issue, call Fresh Start Tax at 1-866-700-1040. We are former IRS Agents, Managers and Instructors and have the highest BBB rating in the industry.
Caution: If you need to set up a payment plan be very careful. The IRS will try to set up the highest payment possible. There are National Standards the IRS uses. Do not be trapped into signing an agreement for an amount you cannot make. Call us today for a reasonable and affordable payment plan.
- If you want to pay your bill with a credit card:
You can pay the bill with your credit card.The interest rate on a credit card or bank loan may be lower than the combination of interest and penalties imposed by the Internal Revenue Code.
To pay by credit card contact one of the following processing companies:
Official Payments Corporation at 888-UPAY-TAX (also www.officialpayments.com/fed) or Link2Gov at 888-PAY-1040 (also www.pay1040.com) or RBS WorldPay, Inc at 888-9PAY-TAX (also www.payUSAtax.com).
- You can pay the balance owed by electronic funds transfer, check, money order, cashier’s check or cash. To pay using electronic funds transfer you can take advantage of the Electronic Federal Tax Payment System by calling 800-555-4477 or online at www.eftps.gov.
- An installment agreement may be requested if you cannot pay the liability in full. This is an agreement between you and the IRS to pay the amount due in monthly installment payments. You must first file all returns that are required and be current with estimated tax payments. Call Fresh Start Tax 1-866-700-1040.
- If you owe $25,000 or less in combined tax, penalties and interest, Fresh Start Tax can get you an installment agreement TODAY!
- Another option is to complete and mail an IRS Form 9465, Installment Agreement Request, along with your bill in the envelope that you have received from the them. The IRS will inform you usually within 30 days whether your request is approved, denied, or if additional information is needed. If the amount you owe is $25,000 or less, provide the highest monthly amount you can pay with your request.
- The IRS will consider if you qualify for an installment agreement if you owe more than $25,000, but a Form 433F, Collection Information Statement, is required to be completed before an installment agreement can be considered. If your balance is over $25,000, consider your financial situation and propose the highest amount possible, as that is how the IRS will arrive at your payment amount based upon your financial information.
