| If you've ever tried to file a past year tax return, you | | | | payment plan, and agree to pay down the money |
| know how difficult an experience it can be. You'll be | | | | eventually. Unlike other forms of debt like credit cards |
| stuck working with older paper filings, using obsolete | | | | and mortgages, a tax payment plan is designed to get |
| tools, and getting little to no help from the IRS. At the | | | | the amount paid off as quickly as possible, without |
| same time, those fines and fees tick higher every day. | | | | having hidden penalties. |
| It's easy to panic, and even easier to rush through and | | | | 4. You may not have to pay the full amount! The IRS |
| make a mistake. Before you do anything drastic, here | | | | is often willing to give what's called an "Offer in |
| are some tips to keep in mind. | | | | Compromise" - when you file past year tax return |
| | | | information, you can |
| 1. Strange, but true: people who file past year tax | | | | 5. You don't have to do it yourself. The best way to |
| return information are more likely to get refunds! You | | | | file a past year tax return isn't to gather the |
| might assume that you're on the hook for money, but | | | | information yourself. Instead, you should file past year |
| many late filers are actually owed by the IRS. If you're | | | | tax return information through a website that handles |
| owed money, you don't pay fines - but you need to | | | | the difficult calculations for you and then shows you |
| act fast, because the longer you wait, the closer the | | | | how to get the maximum possible deduction. That |
| final deadline gets. | | | | way you maximum your return and minimize your |
| 2. The IRS is easing up! If you file past year tax return | | | | losses. |
| information, you might worry that the IRS is angry. And | | | | It's easier than ever to file a past year tax return. You'll |
| perhaps they are - but they'd rather work with you | | | | probably owe less than you'd expect, the IRS will be |
| than miss out on the money altogether. So you may | | | | nice about it if you owe a lot, you don't have to pay it |
| find that chatting with an IRS representative gets you | | | | all at once, you might not have to pay all of it, and you |
| a reprieve, not a reprimand. | | | | can let someone else do all the difficult parts. Instead |
| 3. You don't have to pay all at once! You can file past | | | | of struggling on your own or putting it of, use an |
| year tax return data without having the money to pay | | | | resource to help you get it down and move on. |
| off the taxes you owe. All you have to do is set up a | | | | |