Many people fear the coming of April 15th, the day they pay the IRS their pound of flesh (to be even more accurate, the day the IRS swipes its pound of flesh). Many individuals though find it just terrifying. They do not have enough funds and they don’t know exactly what to do concerning it. When you do not promptly take measures and follow the process laid out for people who will be unable to pay their taxes timely, you could end up driven down a pathway you never really want to tread – wherein you lose all your possessions and your dignity to the IRS. In nearly every case, if your adversity is genuine, you can obtain tax assistance from the Internal Revenue Service. Undoubtedly, they are not intending to pardon you from paying your income taxes; but they will go easy on you and can develop a strategy that you can afford.
Your fundamental plan with requesting the Internal Revenue Service for income tax help is to apply for an extension even before tax day arrives. An extension is something you can receive by submitting a 1040 form. You should send in the form, your full return and a check with your income taxes. Doing so says to the Tax Man that you are trying to be responsible even though you can’t quite swing your taxes just at that time. When you contact the Internal Revenue Service to ask for tax support, the phone call could take a certain amount of your time. You will need to keep in mind that there are loads of other individuals just exactly like you that the department tries to work with on a daily basis. As tax day approaches, everybody is all harried and nervous about just what to do, and the IRS’ phones are typically completely ringing off the hook with people phoning, investigating all kinds of questions. If being put on hold for extended periods of your time is not your notion of pleasure, you could just as well write the IRS explaining what the challenge is. The only problem is that this way, it could possibly be a couple of weeks before you are given a response. They will quite possibly offer you a time when you can come in and talk with a representative at the Internal Revenue Service offices to clarify things up or they will contact you.
So just what can you expect when you call the Internal Revenue Service requesting a little bit more time? You should not worry about being audited – they typically don’t do that. All they will do is to ask you why you didn’t plan for this by paying by way of your company or making quarterly tax payments. If you have all the responses ready and if you have all the documents you need to have at hand, things should go smoothly. The element in all of this that has people all apprehensive is that they need to work out a deal. The idea of negotiating with a skilled IRS auditor daunts most people. Sometimes, people are so delighted to be granted an extension that they will make commitments that they actually won’t be able to keep. You will need to have completed a little homework beforehand to know specifically just how much you can pay and why you can not pay even more. If the debt you owe the Internal Revenue Service is substantial, it will mean paying it off in smaller parts and you will most likely need to find a tax advisor or attorney to assist you.
Contact the IRS to get outrageous results!