Taxes Due
18 FEB 2019

Posted by robbie Categories: BLOG Comments: Post closed for comments

IRS provides various payment options for taxpayers who owe but can’t pay in full Most taxpayers will be affected by the major tax law changes While most will get a tax refund, others may find that they owe taxes, many of whom may qualify for a waiver of the estimated tax penalty that normally applies. form 2210 calculates the penalty. SEVERAL PAYMENT OPTIONS DESCRIBED BELOW;

UNABLE TO PAY – SEE OPTIONS BELOW;
  • Online Payment Agreement — Individuals who owe $50,000 or less in combined income tax, penalties and interest and businesses that owe $25,000 or less in payroll tax and have filed all tax returns may qualify for an Online Payment Agreement.
  • Installment Agreement — Installment agreements paid by direct deposit from a bank account or a payroll deduction will help taxpayers avoid default on their agreements. Certain fees apply.
  • Delaying Collection — If the IRS determines a taxpayer is unable to pay, it may delay collection until the taxpayer’s financial condition improves.
  • Offer in Compromise — Certain taxpayers qualify to settle their tax bill for less than the amount they owe by submitting an offer in compromise.
WOULD YOU LIKE TO KNOW WHAT CRYPTOCURRENCY IS? LOOK FOR TRAINING COMING SOON!!!!!

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By Robbie Terry-Washington, CPA

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OFFICE: GA: 470-441-5140 OH: 216-282-9706 CELL: 216-533-6586 FAX 855-541-5140

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