Published 3 days ago • loading... • Updated 5 hours ago

What to do if you can't pay the taxes you owe

If you cannot pay taxes owed, you should still file a return or ask for an extension, according to tax professionals.
Interest and penalties begin to accrue immediately if you do not file or request an extension, according to IRS guidelines.
Volunteer Income Tax Assistance sites can help you file a return or set up a payment plan, providing free assistance.
The IRS can also put your account in 'currently-not-collectible' status if you share information about your financial hardship, noted Tom O'Saben.

Insights by Ground AI

Does this summary seem wrong?

42 Articles

All

Left

Center

Right

The Oregonian

Center

You owe taxes but don’t have the cash to pay. Here’s what to do

If you know or suspect you can’t pay the taxes you owe this tax season, you should still file a return with that information or file for an extension. That’s the top piece of advice that tax professionals want you to know.

3 days ago·Portland, United States

Read Full Article

Associated Press News

+39 Reposted by 39 other sources

Lean Left

What to do if you can't pay the taxes you owe

If you know or suspect you can’t pay the taxes you owe this tax season, you should still file a return with that information, or file for an extension.

3 days ago·United States

Read Full Article

41NBC News | WMGT-DT

Morning Business Report: IRS workers owe millions in taxes 41NBC News

(LILAMAX)- Senator Joni Ernst is calling on the IRS to conduct another audit of its employees and contractors after a Treasury report revealed that nearly 6,000 of them owed close to $46 million in delinquent taxes as of May 2023. Only about a third are currently on payment plans. Bloomberg reports that Starbucks is setting a goal of four-minute wait times for drive-thru orders and a maximum of 12 minutes for mobile pickups. At the same time, th…

3 days ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year