Filed & Have A Tax Debt

Whether you file as an individual or a business there are several reasons why might receive a bill from the IRS. You might have made a math error or been assessed a penalty. It could be you did not make federal tax deposits, enough estimated tax payments or did not have enough taxes withheld from your wages. Whatever the reason maybe if you do not pay in full when you filed your return you will receive a bill. The bill you receive begins the collection process which continues until your account is satisfied or until the IRS may no longer legally collect the tax. An example of this is the expiration of the statutory period to collect, usually 10 years from when the tax was assessed which is the date the first tax debt notice was sent.

You can pay your tax debt with IRS by check, money order, and electronic funds transfer, or by debt or credit card. If you can pay the tax bill in full, pay what you can and contact the IRS or a tax debt professional immediately. You may also be able to setup a payment agreement at IRS.gov. It is very important that you pay any taxes that may come due and file your returns on time. If you do not, the IRS will end your agreement to make monthly payments and you may have to pay the amount you owe in full. 

If you do not agree with the amount the IRS bill you have several options:

1. Call the number or write to the address on your notice

2. You can also visit your local IRS office

      a. Check the IRS website to find the closest location to you

      b. Be prepared to support the amount that you believe you owe the IRS

3. Link: Collection Due Process (CDP) FAQ’s

4. The IRS will consider your request to remove or reduce a penal included in the amount you owe

5. Contact taxdebtguide.org and we will put you in contact with an authorized tax professional in your area free of charge