News

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...
Experiencing a payment plan submission error on the IRS website? Here's why it happens, how to fix it, and what to do next.
By Mail or Phone Complete Form 9465, Installment Agreement Request. Mail the form to the address on your IRS notice or call 800-829-1040 (individuals) or 800-829-4933 (businesses). Fee waivers for low ...
If you cannot pay your tax bill in full, you can apply for a payment plan, also known as an installment plan, with the IRS. A short-term payment plan lasts up to 180 days for balances less than ...
If the online tool continues to fail, apply by mail or phone using Form 9465 (Installment Agreement Request). Note that setup fees are higher for non-online applications ($225 vs. $31-$130 online).
Penalties Start Immediately Failure-to-Pay Penalty: Beginning April 16, the IRS will charge 0.5% of your unpaid tax balance for every month (or part of a month) it remains unpaid, up to a maximum ...
Today is Tax Day, which means many taxpayers in the United States may be scrambling to file their forms ahead of the looming deadline. If you're among those who procrastinated your taxes, not to ...
If you don't have one, you can apply for one through the IRS. If you owe, you'll also need to submit your payment or set up a payment with the IRS online or by completing Form 9465.
The IRS has 10 years from the date of assessment to collect a tax. "We've seen millions of our clients' tax debts written off due to the IRS's collection statute expiring," Allec says.
AP Photo/Jon Elswick According to the IRS, most business entities that file Forms 1065, 1120, 1120S, 1041, 990-T, and certain other information returns can use this extension request.
Many Americans struggle to pay off back taxes. According to the latest IRS data, taxpayers owed more than $133 billion to the tax agency in the fall of 2021, at the end of a government fiscal year ...