Any way to delay your taxes???

S

sprinkle85

New Member
I'm posting this question up for a friend of mine who currently owes the IRS a considerable amount of money. She has recently told me that she cannot afford to pay the entire amount by April 15th. I'm nervous for her and a little hesitant to ask, but what are the fines that she could incur if she does not pay the amount by that date? Is there any chance of her getting any hard time for this offense if it is the first time? Does anyone know if the IRS will arrange some sort of payment plan for her if we do end up calling the main number? I'm just trying to get all of the information together before I actually do go ahead and call them.
 

The answer is yes-The IRS will set up a payment plan,I have done this twice over the years.They do charge interest on the remaining balance - that's to be expected.
You and your friend should not worry,she just needs to make arrangements by calling them-before the deadline. Take Care.
 

Yeah, I don't believe the IRS would put anyone away for a first time offense. I don't think they are out to put people in prison or jail, but rather just get the money. It doesn't surprise me though that the interest could be high, but that's why we try not to get in these situations, though of course sometimes it is not avoidable :(
 
... and here I thought debtor's prison was outlawed ...


I wouldn't try playing hide-and-seek with the IRS - they have too many Seekers for your friend to have a fair chance at Hiding. I agree with the other posters here - make arrangements for a payment plan. I think they appreciate when people show a desire to pay, rather than having to go after them.

That Guy said:
Just don't ask Morgan Freeman....
Click to expand...

God doesn't PAY taxes! ;)
 
The IRS will freeze your bank accounts and guarnish your wages. They will then charge you a hefty penalty and interest. They are accommodating about setting up payment plans. You can't hide for long from the taxman!
 
Ozarkgal said:
The IRS will freeze your bank accounts and guarnish your wages. They will then charge you a hefty penalty and interest. They are accommodating about setting up payment plans. You can't hide for long from the taxman!
Click to expand...

That is, of course, if you HAVE bank accounts and work for wages.

There ARE advantages to living on the Dark Side ...
ninja.gif


As Janice Joplin said, when you got nothing, you got nothing left to lose.
 
One of the most serious pieces of advice I gave my son when he started pullin' in coin: Do Not Mess With The IRS! Pay Your Taxes!!

 
IMO taking a chance not paying taxes isn't worth it. Our taxes have pretty stabilized so paying isn't going to make a difference in our lives. Waiting to the last minute doesn't make sense to me but for those that do that I guess it works for them. We figure out pretty closely what our taxes will be so that having money to spend thru out the year as opposed to getting a big refund.

But getting a refund is always nice. This year I filed on Jan. 24 refund posted to our bank account Feb. 1 . Gotta love efiling.
 
When I left a job, I withdrew the money from their pension plan and put it in the bank, but didn't claim any income from it that tax season out of ignorance. They of course figured it out and was required to pay it plus 5%. If they know that much about you, why don't they just send you a bill instead of you laboring over tax forms.
 
SifuPhil said:
That is, of course, if you HAVE bank accounts and work for wages.

There ARE advantages to living on the Dark Side ...
ninja.gif


As Janice Joplin said, when you got nothing, you got nothing left to lose.
Click to expand...

That Guy said:
One of the most serious pieces of advice I gave my son when he started pullin' in coin: Do Not Mess With The IRS! Pay Your Taxes!!

Click to expand...


All I gotta say about this 11 year old thread is ........ Oh, how I miss these guys!!
 
You must log in or register to reply here.

Back
Top